India’s forex reserves rise $9.9 billion to $716.91 billion on FCA gains | Finance News
India’s foreign exchange reserves increased by $9.9 billion to $716.907 billion during the week ended August 14, 2026, taking the cumulative rise to nearly $50 billion since the last week of June, latest data released by the Reserve Bank of India (RBI) showed on Friday.
Foreign currency assets (FCAs), the largest component of the reserves, increased by $7.225 billion to $581.851 billion during the reported week. FCAs, expressed in dollar terms, include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
Gold reserves rose by $2.679 billion to $111.417 billion during the week.
Of the total rise in foreign currency assets (FCAs) during the week, around $5.6 billion is estimated to have come from actual dollar purchases by the RBI, with the remainder attributed to revaluation gains.
“The RBI bought around $5.6 billion, rest is revaluation gain led by gold,” said Gaura Sen Gupta, chief economist, IDFC First Bank.
The Special Drawing Rights (SDRs) declined marginally by $5 million to $18.74 billion. India’s reserve position with the International Monetary Fund (IMF) rose by $5 million to $4.90 billion, the RBI data showed.
“The steady build-up over the past several weeks comes as the RBI is using the opportunity presented by strong inflows to rebuild its reserve buffer,” said a dealer at a state-owned bank. “The RBI also continues to manage rupee volatility, stepping in periodically to smooth excessive swings,” the person added.
