India Forex Reserves $643 Billion — 4th Largest in the World

India Forex Reserves — Latest Data

India's forex reserves: $643 Billion (4th globally). Breakdown: foreign currency assets ~$600 Bn + gold ~$68 Bn + SDRs ~$20 Bn. Import cover: ~12 months. Track at Forex Live Dashboard.

Why Forex Reserves Matter

Forex reserves defend the rupee, fund essential imports during crises, and signal India's stability to global investors. India's 12-month import cover far exceeds the 3-month international minimum standard.

India vs Global Reserves

1. China — $3.2T · 2. Japan — $1.3T · 3. Switzerland — $0.9T · 4. India — $643 Bn · 5. Russia — $583 Bn · 6. Taiwan — $569 Bn

How RBI Manages Reserves

RBI intervenes in forex markets — buying dollars when rupee strengthens, selling when it weakens — maintaining currency stability without a fixed exchange rate. This managed float has helped India avoid currency crises during global turbulence.

Source

Reserve Bank of India (RBI) Weekly Statistical Supplement