India foreign exchange reserves climbed to an all-time high of $710 billion in the week ended November 8, RBI data showed. Driven by strong FII inflows into equity and debt markets, rising gold valuations, and steady remittance receipts, the level provides import cover of approximately 12.4 months, one of the highest among major emerging markets globally.
Finance Secretary T.V. Somanathan said robust reserves provide strong macro buffers and reduce vulnerability to external shocks. The RBI added $70 billion to reserves in calendar year 2025 alone. Analysts forecast reserves could cross $750 billion by March 2026 if inflows continue at the current pace, further strengthening the India external position.
