India Becomes 4th Largest Forex Holder As Reserves Rise To $785.7 Billion
India's foreign exchange reserves surged to a record $785.7 billion in the week ending September 4, propelling the country to the fourth‑largest holder globally. The jump, driven mainly by foreign‑currency assets, marks the biggest weekly rise since the series began and underscores a two‑decade buildup of the reserve buffer.
- ✓India's foreign exchange reserves surged to a record $785.7 billion in the week ending September 4, propelling the country to the fourth‑largest holder globally.
- ✓The data, covering the week ended 4 September, reflect a significant increase in the country's external asset pool.
- ✓Approaching the $800‑billion mark, the buffer enhances India's financial stability and its standing among the world’s elite reserve‑holding economies.
The Reserve Bank of India (RBI) announced that the nation's foreign exchange reserves have reached an all‑time high of $785.7 billion, positioning India as the fourth‑largest reserve holder worldwide. The data, covering the week ended 4 September, reflect a significant increase in the country's external asset pool.
The RBI reported a weekly rise of $44.9 billion, the largest in the series, with foreign‑currency assets climbing by $47.5 billion while gold holdings fell by about $2.6 billion. Since 2005, when reserves stood at roughly $141.2 billion, the stockpile has more than quintupled, outpacing nations such as Russia ($761 billion), Taiwan ($597 billion) and Saudi Arabia ($487 billion). Only China, Japan and Switzerland retain larger reserves, according to Trading Economics.
The surge caps a twenty‑year trajectory of reserve accumulation that has persisted through the 2008 financial crisis, the Covid‑19 pandemic and subsequent market volatility. A robust reserve base serves as a first line of defence against external shocks, helping the RBI manage currency fluctuations, meet import and debt obligations, and reassure investors. Approaching the $800‑billion mark, the buffer enhances India's financial stability and its standing among the world’s elite reserve‑holding economies.
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| Issuing Authority | NDTV India News |
|---|---|
| Topic Category | INDIA |
| Jurisdiction | All India / National |
| Publication Date | 14 September 2026 |