Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Foreign Exchange Reserves climbed to 674.19B in July 2026
FMPMonthlyReleased July 2026
India Foreign Exchange Reserves climbed to 674.19B in July 2026, up 7.26B from June's 666.93B reading. The reading missed the 715B consensus by 40.81B. Over the past 3 months, Foreign Exchange Reserves averaged 689.63B, vs 710.45B in the prior 3-month window. The reading is in the 4th percentile of the trailing 24-month range.
Latest Release
674.19
Actual
715
Consensus
666.93
Previous
Median Absolute Error
±10.01 billion
across last 12 releases
Last Call
Jul 2026
Predicted: 715
Actual: 674.19
Error: +40.81
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Foreign Exchange Reserves (India) was reported at 740.80 billion in September 2026. The reading rose from the previous value of 729.33 billion. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 698.33 billion, ranging from 671.63 billion to 740.80 billion across 44 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 729.01 billion, up from the prior three at 694.07 billion. Volatility over the past year (σ 16.30 billion) is lower than the prior year (σ 24.29 billion). In September readings over the past 3 years, Foreign Exchange Reserves has averaged 666.95 billion.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 10.01 billion.
WHAT TO WATCH NEXT
The next release is scheduled for September 11, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Sep 12) and CPI YoY (Sep 14).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
SHARE
Foreign Exchange Reserves - IN
Loading chart data...
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 (Sep 2026): actual 740.8 B. Prior reading (Aug 2026): 729.3 B. Before that (Aug 2026): 716.9 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP