RBI Reports USD 691.11 Billion Forex Reserves in 46th Half-Yearly Review
India's foreign exchange reserves declined to USD 691.11 billion by the end of March 2026, according to the RBI’s 46th half-yearly report. The document, part of a transparency series dating back to 2004, notes a decrease of nearly USD 9 billion from October 2025 levels.
Since February 2004, the Reserve Bank of India has published half-yearly reports to maintain transparency in how it handles the nation's external assets. The latest release—the 46th edition—covers the period ending March 2026. It reveals a contraction in reserves, which fell from USD 700.09 billion in October 2025 to USD 691.11 billion. This USD 8.98 billion decrease reflects the interplay of currency valuation changes and the central bank's market interventions during the six-month window.
India's reserves act as a primary buffer against external shocks. These holdings are divided into Foreign Currency Assets (FCA), gold, Special Drawing Rights (SDRs), and the reserve position with the IMF.
- Report Period: October 2025 to March 2026
- Beginning Reserves (Oct 2025): USD 700.09 billion
- Ending Reserves (March 2026): USD 691.11 billion
- Practice Inception: February 2004
Glossary
Foreign Currency Assets (FCA): The primary component of reserves, comprising holdings in major global currencies like the US Dollar and Euro.
Special Drawing Rights (SDR): An international reserve asset created by the IMF to provide liquidity to member nations.
Rate this Study Update
Help other aspirants by rating the quality & accuracy of this current affair article.
Pulse Forums Discussions
Start a dedicated discussion thread or link this article to an active thread for study conversation.