Key information about India Foreign Exchange Reserves: Months of Import

• India Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023, compared with the ratio of 10.4 in the previous month
• India Foreign Exchange Reserves: Months of Import data is updated monthly, available from Apr 1990 to May 2023
• The data reached an all-time high of 25.9 in Apr 2020 and a record low of 0.5 in Dec 1990

CEIC calculates Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. The Reserve Bank of India provides Foreign Exchange Reserve in USD. The Ministry of Commerce and Industry provides Imports in USD.


Further information about India Foreign Exchange Reserves: Months of Import

• In the latest reports, India Foreign Exchange Reserves was measured at 528.0 USD bn in Jun 2023
• Its Money Supply M2 increased 12.2 % YoY in Jun 2023
• India Domestic Credit reached 2,768.0 USD bn in May 2023, representing an increased of 13.7 % YoY
• The country's Non Performing Loans Ratio stood at 5.8 % in Mar 2022, compared with the ratio of 7.3 % in the previous year
• Household Debt of India reached 486.7 USD bn in Mar 2023, accounting for 14.7 % of the country's Nominal GDP

Foreign Exchange Reserves in India increased to 702280 USD Million in October 17 from 697780 USD Million in the previous week. This dataset provides the latest reported value for - India Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about India Foreign Exchange Reserves

• India Foreign Exchange Reserves was measured at 537.7 USD bn in Jan 2025, compared with 547.5 USD bn in the previous month
• India Foreign Exchange Reserves: USD mn data is updated monthly, available from Apr 1989 to Jan 2025
• The data reached an all-time high of 617.1 USD bn in Sep 2024 and a record low of 1.1 USD bn in Jun 1991

The Reserve Bank of India provides monthly Foreign Exchange Reserves in USD.


Further information about India Foreign Exchange Reserves

• In the latest reports, India Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023.
• Its Money Supply M2 increased 765.5 USD bn YoY in Nov 2024.
• India Domestic Credit reached 3,168.1 USD bn in Dec 2024, representing an increased of 11.1 % YoY.
• The country's Non Performing Loans Ratio stood at 2.8 % in Mar 2024, compared with the ratio of 3.9 % in the previous year.
• Household Debt of India reached 17.1 % in Mar 2024, accounting for 17.1 % of the country's Nominal GDP.

Current and historical data on India's Forex Reserves - foreign currency reserves, gold reserves, SDR, RTP, months of import, and comparison with global peers.

International reserves (excluding gold) in India was reported at 569544279505 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - International reserves (excluding gold) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Of all the countries in the world, China had, by far, the largest international reserves in July 2025, with **** trillion USD in reserves and foreign currency liquidity. Japan was the only other country with over a trillion U.S. dollars in reserves in early 2025, with a total of *** trillion U.S. dollars. Why do countries hold reserves? A simple explanation for China’s accumulation of foreign currency could be its consistently positive and substantial trade balance. When China exports goods and services, it accepts the foreign currency, usually U.S. dollars, and holds that currency in reserve. In addition to facilitating trade, most countries, including China, also hold foreign exchange reserves to ensure the stability of their currencies and facilitate other foreign transactions. Other significant reserves Even though most of the world left the gold standard in 1971, most countries still retain large gold reserves. The United States, followed by Germany and Italy, held the largest amount of gold reserves worldwide as of December 2018.

Foreign Reserves, Months Import Cover, Goods in India was reported at 0.88561 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Foreign Reserves, Months Import Cover, Goods - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

India IN: Total Reserves: % of Total External Debt data was reported at 96.239 % in 2023. This records an increase from the previous number of 91.421 % for 2022. India IN: Total Reserves: % of Total External Debt data is updated yearly, averaging 35.014 % from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 134.207 % in 2007 and a record low of 5.452 % in 1989. India IN: Total Reserves: % of Total External Debt data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.IDS: Foreign Reserves: Annual. International reserves to total external debt stocks.

Key information about China Foreign Exchange Reserves

• China Foreign Exchange Reserves was measured at 3,227.2 USD bn in Feb 2025, compared with 3,209.0 USD bn in the previous month
• China Foreign Exchange Reserves: USD mn data is updated monthly, available from Jan 1989 to Feb 2025
• The data reached an all-time high of 3,993.2 USD bn in Jun 2014 and a record low of 3.7 USD bn in Jan 1989

The People's Bank of China provides monthly Foreign Exchange Reserves in USD.


Further information about China Foreign Exchange Reserves

• In the latest reports, China Foreign Exchange Reserves equaled 13.9 Months of Import in Dec 2024.
• Its Money Supply M2 increased 44,045.8 USD bn YoY in Sep 2024.
• China Domestic Credit reached 49,338.1 USD bn in Jan 2025, representing an increased of 7.9 % YoY.
• The country's Non Performing Loans Ratio stood at 1.5 % in Dec 2024, compared with the ratio of 1.6 % in the previous quarter.
• Household Debt of China reached 63.3 % in Mar 2023, accounting for 63.3 % of the country's Nominal GDP.

Foreign Exchange Reserves in China increased to 3339000 USD Million in September from 3322000 USD Million in August of 2025. This dataset provides - China Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India External Debt: Residual Maturity: Up to 1 Year: Short Term Debt as % of Foreign Exchange Reserves data was reported at 42.800 % in Sep 2024. This records a decrease from the previous number of 46.000 % for Jun 2024. India External Debt: Residual Maturity: Up to 1 Year: Short Term Debt as % of Foreign Exchange Reserves data is updated quarterly, averaging 44.900 % from Dec 2023 (Median) to Sep 2024, with 4 observations. The data reached an all-time high of 46.000 % in Jun 2024 and a record low of 42.800 % in Sep 2024. India External Debt: Residual Maturity: Up to 1 Year: Short Term Debt as % of Foreign Exchange Reserves data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FK009: External Debt: Residual Maturity.

Total Reserves in India was reported at 635701 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Total Reserves - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

In financial year 2024, the value of foreign exchange reserves in India stood at around 646 billion U.S. dollars. This was a significant increase from the previous year. In fiscal year 2023, the value of foreign exchange reserve stood at around 578 billion dollars.

Total reserves in months of imports in India was reported at 7.5213 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Total reserves in months of imports - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The average for 2023 based on 11 countries was 1.051 percent. The highest value was in India: 4.261 percent and the lowest value was in Laos: 0.012 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Total reserves (includes gold) of India increased by 2.43% from 627,792,750,127 US dollars in 2023 to 643,042,560,626 US dollars in 2024. Since the 11.15% drop in 2022, total reserves (includes gold) surged by 13.35% in 2024. Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. Data are in current U.S. dollars.

Total reserves (% of total external debt) in India was reported at 97.06 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Total reserves (% of total external debt) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Inflation Nowcast: Contribution: International Reserves: RBI: FX Reserve: INR: Foreign Currency Assets data was reported at 0.329 % in 12 May 2025. This stayed constant from the previous number of 0.329 % for 05 May 2025. Inflation Nowcast: Contribution: International Reserves: RBI: FX Reserve: INR: Foreign Currency Assets data is updated weekly, averaging 0.060 % from Jul 2020 (Median) to 12 May 2025, with 254 observations. The data reached an all-time high of 15.402 % in 07 Aug 2023 and a record low of 0.000 % in 07 Apr 2025. Inflation Nowcast: Contribution: International Reserves: RBI: FX Reserve: INR: Foreign Currency Assets data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s India – Table IN.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Key information about India Household Debt

• India Household Debt reached 617.3 USD bn in Mar 2024, compared with the reported number of 486.7 USD bn in the previous year
• India Household Debt: USD mn data is updated yearly, available from Mar 1998 to Mar 2024
• The data reached an all-time high of 617.3 USD bn in Mar 2024 and a record low of 8.8 USD bn in Mar 1998

CEIC converts annual Household Debt into USD. The Reserve Bank of India provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Housing and Rest of Personal Loans. Household Debt is in annual frequency, ending in March of each year.


Further information about India Household Debt

• In the latest reports, India Household Debt accounted for 17.4 % of the country's Nominal GDP in Mar 2024
• Money Supply M2 in India increased 760.6 USD bn YoY in Apr 2024
• India Foreign Exchange Reserves was measured at 572.6 USD bn in May 2024
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023
• India Domestic Credit reached 3,045.9 USD bn in Apr 2024, representing an increased of 11.1 % YoY

Gold Reserves in India increased to 880 Tonnes in the second quarter of 2025 from 879.60 Tonnes in the first quarter of 2025. This dataset provides - India Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.