Reserve Bank of India: India's foreign exchange reserves fell by $15.61 billion in the two weeks prior to May 29. However, the RBI has now reported an improvement.

After two weeks, the country's government treasury increased.

India's Forex Reserve: After nearly two weeks of significant declines, good news has arrived regarding the country's foreign exchange reserves. According to the latest weekly data released by the Reserve Bank of India (RBI) on June 5, 2026, the country's foreign exchange reserves have finally shown improvement after two consecutive weeks of significant declines.

India's foreign exchange reserves increased by $938 million to $682.32 billion in the week ended May 29, 2026. Governor Sanjay Malhotra laid special emphasis on the country's foreign exchange reserves at the June 2026 bi-monthly Monetary Policy Committee (MPC) meeting.

How much has it fallen in the last two weeks?

The Indian treasury has lost $15.61 billion in the two weeks prior to May 29. The decline was approximately $8.09 billion in the first week. The second week saw a decline of $7.51 billion, bringing the total to a one-year low of $681.38 billion.

In fact, ongoing tensions in West Asia and rising crude oil prices had increased demand for the US dollar. This put the Indian rupee under pressure. To prevent the rupee from falling to a record low, the RBI sold dollars from its reserves in the open market. This led to a sharp depletion of foreign exchange reserves. Meanwhile, before the tensions in West Asia began, India's foreign exchange reserves had reached a historic peak of $728.494 billion on February 27, 2026.

How many months will it take to complete?

The country's current foreign exchange reserves are sufficient to cover approximately 11 months of imports and cover 89.1% of the country's total external debt.

Foreign currency assets increased

During this period, the largest component of the forex reserve, i.e. foreign currency assets, saw a huge jump of $3.11 billion and now it has increased to $546.15 billion.

State of gold reserves

The value of the country's gold reserves has declined by $2.18 billion to $112.6 billion amid fluctuations in international prices. An increase in foreign currency assets has offset the decline in gold reserves, resulting in a net increase of ₹938 million in total reserves.