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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).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.28 | CRYPTO | Moves with | → View |
| NIFTY 50 | ▲ Direct | +0.26 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Foreign Exchange Reserves (India) was reported at 676.24 in July 2026. The reading rose from the previous value of 675.16. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 695.90, ranging from 671.63 to 728.49 across 43 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 675.20, down from the prior three at 678.52. Volatility over the past year (σ 13.77) is lower than the prior year (σ 23.36). In July readings over the past 3 years, Foreign Exchange Reserves has averaged 676.44.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 10.01.
WHAT TO WATCH NEXT
The next release is scheduled for July 31, 2026. Same-country events in the next 14 days include Interest Rate Decision (Aug 5) and Inflation Rate YoY (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jul 2026): actual 676.2 B. Prior reading (Jul 2026): 675.2 B. Before that (Jul 2026): 674.2 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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