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India's foreign exchange reserves rose by $8.66 billion from a week earlier to hit an all-time high of $725.727 billion in the week ending February 13, latest data released by the Reserve Bank of India (RBI) showed on Friday. The previous all-time high of $723.774 billion was touched in January.
The overall forex reserves registered a decline of $6.711 billion to $717.064 billion in the previous reporting week ended February 6.
Also read: RBI minutes signal firmer growth path, muted price pressures after February hold
For the week ending February 13, foreign currency assets rose by $3.55 billion, gold by $4.99 billion and Special Drawing Rights (SDRs) by $103 million, the official data showed.
India's reserve position with the IMF was also up by $19 million to $4.734 billion in the reporting week, RBI data showed.
In its monthly bulletin, the central bank said that it purchased $18.33 billion and sold $28.35 billion in December. In November, it had sold a net of $9.7 billion in the market.
"India’s foreign exchange reserves remain adequate, providing cover for goods imports for almost a year and around 96 per cent of the external debt outstanding ," RBI said.
While foreign currency assets continue to have the largest share in India’s foreign exchange reserves, gold’s share in forex reserves increased as on February 06, 2026 over the end-December level due to valuation effects.
The Indian Rupee plunged 31 paise to settle at 90.99 (provisional) against the US dollar on Friday.
The central bank noted that foreign portfolio investments and the Indian rupee staged a comeback, with investor sentiments turning around following the India-EU free trade agreement and the interim India-US trade deal. The Rupee depreciated against the US dollar in January in the wake of foreign portfolio outflows and uncertainty surrounding the India-US trade deal.
In February, the Rupee recovered from its January lows with net foreign portfolio flows turning positive.
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