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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Foreign Exchange Reserves climbed to 697.12B in April 2026
FMPMonthlyReleased April 2026
India Foreign Exchange Reserves climbed to 697.12B in April 2026, up 9.06B from March's 688.06B reading. The reading matched the 710B consensus. Over the past 3 months, Foreign Exchange Reserves averaged 711.66B, vs 691.86B in the prior 3-month window. The reading is in the 53rd percentile of the trailing 24-month range.
Latest Release
697.12
Actual
710
Consensus
688.06
Previous
Median Absolute Error
±9.56 billion
across last 12 releases
Last Call
Oct 2025
Predicted: 705
Actual: 699.96
Error: +5.04
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NIFTY 50 | ▲ Direct | +0.30 | INDEX | Bullish NIFTY 50 | → View |
| BTC/USD | ▲ Direct | +0.28 | CRYPTO | Bullish BTC | → 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 681.61 in June 2026. The reading fell from the previous value of 682.32. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 698.07, ranging from 681.38 to 728.49 across 44 releases.
WHY IT MATTERS
The trailing three releases averaged 681.77, down from the prior three at 691.31. Volatility over the past year (σ 11.77) is lower than the prior year (σ 21.71). In June readings over the past 3 years, Foreign Exchange Reserves has averaged 657.38.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 9.56.
WHAT TO WATCH NEXT
The next release is scheduled for June 19, 2026. Same-country events in the next 14 days include MPC Meeting Minutes (Jun 19) and Monetary Policy Meeting Minutes (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Jun 2026): actual 681.6 B. Prior reading (Jun 2026): 682.3 B. Before that (May 2026): 681.4 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 headwind in the current projection.