FX.co ★ India’s FX Reserves Edge Lower to $723.61B, Marking Modest Weekly Dip

India’s foreign exchange reserves have posted a slight decline, slipping to $723.61 billion from a previous level of $725.73 billion, according to the latest data updated on 27 February 2026.

The modest drawdown in reserves suggests a limited change in the central bank’s external buffer, with India still holding a substantial stockpile of foreign currency assets. While the movement is relatively small in absolute terms, such shifts are closely watched by markets for clues on currency management, external sector strength, and the country’s capacity to cushion against global financial volatility.

The updated figures keep India firmly positioned among the world’s largest holders of FX reserves, providing policymakers with continued flexibility in managing exchange rate pressures and external financing needs, even as short-term fluctuations in the headline number persist.