India's foreign exchange reserves

India's foreign exchange reserves: 8 lines from the India — Forex Reserves snapshot, Q1 2011-12 – End-Aug 2026. Latest Import cover: 7.36 months in Q1 2026-27 (provisional), from Exalytics, from Reserve Bank of India figures published via the IMF.

3 charts · 8 lines · Quarterly and monthly · Q1 2011-12 – End-Aug 2026 · snapshot india-fx-2026-27q1-20261031-a03a74bb · published 1 Nov 2026

Month-end reserves and the forward book, the quarter's change split into transactions and valuation, and import cover. A transaction is dollars the RBI bought or sold; a valuation change is the gold price and other revaluation. Import cover is how many months of imports the reserves could pay for.

Import cover

Includes estimates

Lines Import cover

MONTHS

Quarterly change: transactions and valuation

Includes provisional data

Lines Change in stock Transactions (balance of payments) Valuation and other changes

₹ crore / lakh crore

Reserves and the forward book

Includes provisional data

Lines Total reserves Foreign currency assets Gold Net forward position

₹ crore / lakh crore

Research that uses this series

India's monetary policy stance and reservesExternal buffer: month-end reserves, and the fiscal-year sum of balance-of-payments reserve transactions beside valuation. The desk sets the change in the repo rate against those transactions.
India's oil bill, trade and the rupeeThe cushion and the money: month-end reserves, RBI's purchases and sales of dollars, and foreign portfolio investors' net investment by month (NSDL).
India’s markets and mutual fundsMacro context: changes in the rupee, call money rate, reserves and broad money.

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