India Forex Reserves Reach Record $728.5 Billion At End February 2026

India’s forex reserves reached a record level of $728.49 billion in the week end February 27, 2026. This data are according to released by the Reserve Bank of India (RBI). India’s foreign exchange reserves increased by $4.88 billion during the week. The main reason for mainly due to a sharp rise in gold reserves and foreign currency assets. This surpasses the previous record of $726 billion recorded in the week ending February 13 2026.

India’s Forex Reserves 2026

The RBI forex reserves data shows that the increase in India’s foreign exchange reserves was driven by multiple components.

• Total reserves increased by $4.88 billion during the week.
• Foreign currency assets (FCA) rose by $561 million.
• FCA represents the largest portion of India forex reserves and includes currencies such as us dollar, euro, pound sterling and Japanese yen.
• The rise in foreign currency assets shows changes in global currency valuations against the US dollar.
• Strong reserve levels help maintain financial stability and currency strength.

Major Factor of Rise in India Forex Reserves

A major factor behind the record India forex reserves was the sharp increase in gold reserves held by the RBI.

• Gold reserves increased by $4.14 billion during the week.
• Total gold reserves reached at the $131 billion.
• International gold prices rose by about 3.36% during the same period.
• Gold prices reached around $5,278 per ounce.

Higher gold prices significantly boosted the overall value of India’s foreign exchange reserves.

Changes in SDRs and IMF Reserve Position

Apart from gold reserves and foreign currency assets other components of India forex reserves also saw small increases.

• Special Drawing Rights (SDRs) increased by $26 million and reaching $18.86 billion.
• India’s reserve position with the International Monetary Fund (IMF) increased by $158 million and reaching $4.87 billion.
• SDRs are international reserve assets created by the IMF to supplement member countries reserves.

These components contribute to the overall structure of India foreign exchange reserves.

India Forex Reserves Growth in FY 2025-26

The RBI forex reserves data also shows strong growth in reserves during the current financial year.

• India’s forex reserves have increased by $63 billion so far in FY 2025-26.
• The rise in reserves reflects strong capital inflows, valuation gains and higher gold prices.
• High reserves strengthen India’s ability to manage external shocks and currency volatility.
• It also improves investor confidence in India’s financial stability.

The record India forex reserves of $728.5 billion place the country among the top foreign reserve holders globally.

Question

Q. India’s forex reserves reached a record level of how much in February 2026?

A. $690 billion
B. $705 billion
C. $728.49 billion
D. $750 billion