FX.co ★ India’s FX Reserves Climb to $696.99 Billion, Extending Uptrend

India’s foreign exchange reserves continued to edge higher, rising to $696.99 billion, up from the previous level of $690.69 billion, according to data updated on 15 May 2026.

The increase of more than $6 billion underscores the ongoing buildup of India’s external buffers, a key factor closely watched by investors and rating agencies. Rising reserves typically enhance a country’s ability to manage currency volatility, service external debt, and navigate periods of global financial stress.

With reserves approaching the $700 billion mark, the latest data highlight India’s strengthened external position at a time when global markets remain sensitive to shifts in capital flows and interest rate expectations.