Indias Foreign Exchange Reserves Rise by $2.49 Billion to $719.5 Billion
Indias foreign exchange reserves increase to $719.5 billion, driven by a surge in gold reserves, as reported by the RBI.
Mumbai, November 13 (Daily Kiran) : India’s foreign exchange reserves have risen by $2.49 billion, reaching a total of $719.5 billion as of November 6, 2026. This data was released by the Reserve Bank of India (RBI) on Friday.
The increase in reserves comes after several weeks of decline. On October 17, the reserves were at $722.3 billion but fell to $717.057 billion by October 30.
A significant factor contributing to this week’s increase was a notable rise in gold reserves. According to RBI data, the value of gold reserves surged by $2.205 billion, bringing the total to $104.796 billion.
Additionally, foreign currency assets also saw an increase of $232 million, reaching $591.350 billion. These assets constitute the largest portion of India’s foreign exchange reserves.
Fluctuations in non-U.S. currencies like the euro, pound, and yen also impact the value of these assets. Meanwhile, India’s Special Drawing Rights (SDR) with the International Monetary Fund (IMF) increased by $5.2 million to $18.610 billion. The reserve position with the IMF also rose by $1 million to $4.791 billion.
As of November 6, the total foreign exchange reserves in Indian rupees stood at ₹67,58,986 crores. Interestingly, while the dollar value of reserves increased by $2.49 billion on a weekly basis, there was a recorded decline of ₹49,742 crores in rupee terms.
Previously, India’s foreign exchange reserves peaked at a record high of $785.7 billion for the week ending September 4, driven by a significant inflow of foreign currency through a special concessional swap scheme for Non-Resident Indians. Since then, the reserves have experienced considerable fluctuations.
In a related development, the RBI recently eased some rules regarding foreign exchange reporting for small exporters and service importers. Under the revised Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, individual service exporters will be considered to have submitted their Export Declaration Form (EDF) once they provide necessary payment information to their authorized dealer bank and complete the process of depositing the service receipts into their accounts.
This same arrangement will apply to other exporters, provided the amount received in foreign currency does not exceed ₹1 million or its equivalent in foreign currency. The RBI’s changes aim to simplify compliance and reporting processes related to foreign exchange for small exporters.
