MUMBAI — India’s foreign exchange reserves rose by $963 million, reaching a total of $672.587 billion for the week ended June 19, 2026, according to official data released by the Reserve Bank of India (RBI). This recovery follows a sharp contraction of $9.985 billion in the previous reporting week.
While the largest component of India’s reserves experienced a drop, a massive jump in the valuation of the central bank’s gold holdings single-handedly pushed the overall reserves back into positive territory.
Key Components of the Forex Reserves
The net increase in the headline reserves masks a significant rebalancing across different asset classes during the week:
| Reserve Component | Latest Value | Weekly Change |
| Foreign Currency Assets (FCA) | $541.217 billion | 📉 Down $3.072 billion |
| Gold Reserves | $107.930 billion | 📈 Up $4.110 billion |
| Special Drawing Rights (SDRs) | $18.647 billion | 📉 Down $52 million |
| Reserve Position with the IMF | $4.793 billion | 📉 Down $22 million |
Foreign Currency Assets (FCAs), which are held in global currencies like the Euro, British Pound, and Japanese Yen, are expressed in US dollar terms and fluctuate based on global currency depreciation or appreciation against the greenback. The decline in FCAs was entirely neutralized by the $4.110 billion surge in the value of India’s gold reserves.
Record FPI Inflows Fuel Bond Market Stability
The bounce back in reserves comes amid unprecedented foreign interest in Indian debt markets. Driven by targeted policy initiatives by the RBI and the government to ease access for global buyers, Foreign Portfolio Investors (FPIs) have poured a record-breaking ₹39,640 crore into Indian government securities (G-Secs) so far in June 2026.