Mumbai: Registering a mammoth leap, India’s foreign exchange (forex) reserves have reached an unprecedented all-time high. According to the latest data released by the Reserve Bank of India (RBI) on Friday, the country’s forex reserves crossed the $785 billion mark for the first time in history, ending the week of September 4, 2026, at a record $785.71 billion.
This latest milestone was propelled by an extraordinary weekly jump of $44.90 billion. The sharp surge follows another strong performance in the preceding week ending August 28, when the reserves saw an upward revision of $11.47 billion to reach $740.80 billion, highlighting two consecutive weeks of aggressive growth.
A deep dive into the RBI’s data reveals that Foreign Currency Assets (FCA)—the largest component of the forex reserves—were the primary catalyst for this record-breaking numbers. During the week ending September 4, FCA experienced a massive injection of $47.498 billion, bringing the total FCA to $648.17 billion. To put this growth into perspective, FCA has expanded by $95.886 billion since the end of March 2026, and by $63.692 billion compared to the corresponding period last year.
While foreign currency assets grew substantially, the week witnessed a minor contraction in other asset classes. India’s gold reserves recorded a decline of $2.594 billion over the week, settling at $113.816 billion. Despite this short-term dip, the gold reserves maintain a healthy year-on-year growth of $23.517 billion.
The country’s Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) also saw a marginal dip of $4 million, coming down to $18.806 billion. Concurrently, India’s reserve position in the IMF expanded slightly by $2 million to reach $4.916 billion.
Overall, the broader economic picture remains highly optimistic. India’s total foreign exchange reserves have surged by $94.599 billion since the end of March 2026, and reflect an impressive year-on-year growth of $87.438 billion, strengthening the nation’s macroeconomic buffers against global volatility.