Forex reserves soar to $707 billion, highest so far in current fiscal - The Economic Times Benchmarks
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News›Markets›Forex›Forex reserves soar to $707 billion, highest so far in current fiscal The
Economic Times daily newspaper is available online now. Read Today's Paper Forex reserves soar to $707 billion, highest
so far in current fiscalSECTIONSForex reserves soar to $707 billion, highest so far in current fiscalET BureauLast
Updated: Aug 15, 2026, 09:46:00 AM ISTRate StoryFollow usShareFont
SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsisIndia's foreign exchange reserves saw a notable increase, rising by
$14.1 billion to hit a significant $707 billion. This boost included a $9.9 billion uptick in foreign currency assets
and a $3.9 billion increase in gold reserves. Anticipated future inflows may further enhance these reserves, especially
with the Reserve Bank of India receiving $56.8 billion from its special deposit scheme and $52 billion from FCNR(B)
deposits.ET BureauIndia's foreign exchange reserves rose $14.1 billion to $707 billion in the week ended August 7, the
highest total reserves in this fiscal year. The increase in reserves comes as inflows from the Reserve Bank's FCNR(B)
deposit scheme started to show up in the FX kitty.Foreign currency assets in the same week rose $9.9 billion to $574.6
billion, while the valuation of gold reserves rose $3.9 billion to $108.7 billion.Last week, reserves rose by $10
billion.At its current levels, total reserves have declined from their peak of $728 billion earlier this year. Going
ahead, the reserves are expected to increase as further inflows come into the country via the Foreign Currency
Non-Resident (Bank) (FCNR-B) and ECB schemes, which are now valid until August 31.The RBI on Friday shortened the swap
facility window by a month to August 31 due to higher-than-expected foreign currency inflow. India received $56.8
billion in foreign currency inflows under the RBI's special deposit scheme. Inflows from the FCNR(B) deposits were $52
billion.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel)(
Originally published on Aug 14, 2026 )Read More News onIndia forex reservesforeign exchange reservesReserve Bank of
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