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RBI data released on 11 September 2026 showed India's foreign exchange reserves rose by $44.9 billion to a record $785.7 billion in the week ended 4 September - the largest weekly rise on record.
India overtook Russia to become the world's fourth-largest holder of forex reserves, after China, Japan and Switzerland.
Foreign currency assets jumped $47.5 billion to $648.17 billion, while gold reserves fell $2.59 billion to $113.82 billion and SDRs slipped $4 million to $18.81 billion.
The surge came from inflows under the RBI's concessional swap window: FCNR(B) deposits of $127.2 billion and total inflows of $136.4 billion by 31 August.
The rupee still weakened to 95.56 per dollar on 11 September on higher crude prices and US Treasury yields.
RBI opens the concessional swap window for FCNR(B) deposits
Reserves at a then-record $729.3 billion
RBI closes the FCNR(B) window a month early, with $127.2 billion mobilised
Reserves at $740.8 billion
Record $785.7 billion; India becomes 4th-largest holder
Deadline for ECBs and currency bonds under the facility
Custodian and manager of India's foreign exchange reserves; publishes reserve data weekly in its Weekly Statistical Supplement
Allocates Special Drawing Rights; India's SDR holdings and reserve tranche position with the IMF are part of its reserves
Empowers the RBI to hold and deploy foreign currency assets and gold as reserves
Governs foreign exchange transactions, including NRI deposits such as FCNR(B) and external commercial borrowings
General Awareness > Forex reserves, RBI, NRI deposit schemes
GS Paper III > External sector, balance of payments, exchange rate management
Which of the following best describes the term 'import cover', sometimes seen in the news?
Answer: It is the number of months of imports that could be paid for by a country's international reserves
Consider the following statements: Statement-I: Switzerland is one of the leading exporters of gold in terms of value. Statement-II: Switzerland has the second largest gold reserves in the world. Which one of the following is correct in respect of the above statements?
Answer: Statement-I is correct but Statement-II is incorrect
Which of the following has/have occurred in India after its liberalization of economic policies in 1991? 1. Share of agriculture in GDP increased enormously. 2. Share of India's exports in world trade increased. 3. FDI inflows increased. 4. India's foreign exchange reserves increased enormously. Select the correct answer using the codes given below:
Answer: 2, 3 and 4 only
The largest component of reserves; dollar-denominated but include valuation changes in other currencies held
IMF reserve asset valued on a basket of five currencies - US dollar, euro, Chinese renminbi, Japanese yen and pound sterling
Foreign Currency Non-Resident (Bank) deposits - term deposits NRIs hold with Indian banks in foreign currency