If you’re asking how much forex does India have, you’re referring to India’s foreign exchange reserves — the total value of foreign currencies and related assets held by the Reserve Bank of India (RBI). As of 2025, India holds over USD 640 billion in forex reserves, placing it among the top 5 countries globally in terms of reserve strength.

Composition Of India’s Forex Reserves

India’s forex reserves are made up of:

• Foreign Currency Assets (FCA) – USD, Euro, Yen, Pound, etc.
• Gold Reserves – Valued in billions of USD
• Special Drawing Rights (SDRs) – Allocated by the International Monetary Fund (IMF)
• IMF Reserve Position – India’s reserve deposits with the IMF

Latest Estimate (As Of 2025)

Component	Estimated Value
Foreign Currency Assets	~USD 560 billion
Gold Reserves	~USD 50 billion
SDRs and IMF positions	~USD 30 billion
Total Forex Reserves	USD 640+ billion

Note: Figures fluctuate based on exchange rates, asset valuations, and RBI interventions.

Why India Maintains High Forex Reserves

• To stabilise the Indian rupee in times of volatility
• To cover imports (especially oil and essential commodities)
• To boost investor confidence and sovereign credit ratings
• To act as a buffer during global financial or geopolitical shocks

How India Accumulates Forex Reserves

• Through exports of goods and services
• Remittances from Indian citizens working abroad
• Foreign direct investment (FDI) and portfolio inflows
• Surplus from trade and capital accounts
• RBI market operations and bond issuance

Conclusion

If you’re asking how much forex does India have, the answer is over USD 640 billion as of 2025. This strong reserve position helps ensure economic stability, confidence in the rupee, and resilience during global uncertainty.

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