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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Foreign Exchange Reserves fell to 734.6B in October 2026
FMPMonthlyReleased October 2026
India Foreign Exchange Reserves fell to 734.6B in October 2026, down 12.96B from September's 747.56B reading. The reading matched the 710B consensus. Foreign Exchange Reserves has now declined for 5 consecutive months. Over the past 3 months, Foreign Exchange Reserves averaged 721.14B, vs 690.31B in the prior 3-month window. The reading is in the 85th percentile of the trailing 24-month range.
Latest Release
734.6
Actual
710
Consensus
747.56
Previous
Median Absolute Error
±12.4 billion
across last 12 releases
Last Call
Oct 2026
Predicted: 689.6
Actual: 734.6
Error: -45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Foreign Exchange Reserves (India) was reported at 719.75 billion in October 2026. The reading fell from the previous value of 721.02 billion. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 707.03 billion, ranging from 671.63 billion to 785.71 billion across 44 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 722.27 billion, down from the prior three at 749.35 billion. Volatility over the past year (σ 27.29 billion) is comparable than the prior year (σ 25.24 billion). In October readings over the past 3 years, Foreign Exchange Reserves has averaged 709.24 billion.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 12.40 billion.
WHAT TO WATCH NEXT
The next release is scheduled for November 6, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Nov 12).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Foreign Exchange Reserves - IN
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About Foreign Exchange Reserves — India
DEFINITION
Foreign Exchange Reserves refer to the amount of foreign currency held by a country's central bank. These reserves are used to maintain stability in the country's currency and to fulfill international payment obligations. They serve as a measure of a country's economic strength and ability to withstand external shocks. Foreign Exchange Reserves are an important financial indicator for investors and policymakers, providing insight into a country's monetary policy and its ability to manage its currency.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 719.8 B. Prior reading (Oct 2026): 721 B. Before that (Oct 2026): 726 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - IN Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:30 | IN | Government Budget Value | -7144.1 | -7102.5 | -6800 | -6972.05 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | IN | S&P Global Manufacturing PMI | 54.9 | 54.7 | 54.50 | Low | |