FX.co ★ India’s FX Reserves Climb to $725.73 Billion, Extending Upward Trajectory

India’s foreign exchange reserves continued their upward momentum, rising to USD 725.73 billion from USD 717.06 billion, according to the latest data updated on 20 February 2026. The increase of USD 8.67 billion underscores the country’s strengthened external position.

The higher reserve stockpile enhances India’s ability to manage currency volatility and buffer against external shocks, including shifts in global interest rates or capital flows. Persistent growth in reserves is generally seen as a supportive factor for macroeconomic stability, potentially improving investor confidence in India’s financial markets.

Market participants will be watching subsequent data releases to assess whether this build-up in reserves reflects sustained capital inflows, stronger export performance, or valuation gains on existing reserve assets. For now, the latest figures point to a solidifying external cushion for Asia’s third-largest economy.