Macroeconomy
India foreign exchange reserves
USD 704.89 billion
~USD 692 billion in late 2025
All-time high forex reserves (27 Sep 2024)
India's foreign exchange reserves touched an all-time high of USD 704.89 billion on 27 September 2024 and remained around USD 692 billion in late 2025, among the largest reserve stockpiles in the world. The reserves provide a strong buffer for the rupee and cover well over ten months of imports.
Reserves include foreign currency assets, gold, SDRs and the IMF reserve position. Gold revaluation was a major driver of the 2025 rise.
Frequently asked questions
What is India's all-time high forex reserve?
India's foreign exchange reserves peaked at USD 704.89 billion on 27 September 2024.
Why do forex reserves matter?
Large reserves let the RBI stabilise the rupee, cover imports, and cushion external shocks, supporting investor and lender confidence.
Related statistics
Using this figure? KAMRIT advises Indian and global businesses on tax, GST, FDI/FEMA, and India entry built on data like this.
Talk to our team →