Total Reserves excluding Gold for India
TRESEGINM052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
607,890.83
Year-over-Year Change
2.16%
Date Range
12/1/1950 - 5/1/2025
Summary
The 'Total Reserves excluding Gold for India' series measures the level of foreign exchange reserves held by the Reserve Bank of India, excluding gold reserves. This metric is a key indicator of India's financial stability and ability to support its currency.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Total reserves excluding gold represent the foreign currency deposits and bonds held by the central bank, which can be used to intervene in foreign exchange markets or meet balance of payments needs. This series provides insight into India's international liquidity position and macroeconomic conditions.
Methodology
The data is collected and reported by the Reserve Bank of India.
Historical Context
Policymakers and analysts monitor this series to assess India's external sector vulnerabilities and the adequacy of its foreign exchange buffers.
Key Facts
- India's total reserves excluding gold were $573 billion as of March 2023.
- Reserves have grown by over 50% since 2018 to provide a stronger buffer against external shocks.
- India's reserves cover over 9 months of imports, well above the 3-month guideline for emerging markets.
FAQs
Q: What does this economic trend measure?
A: The 'Total Reserves excluding Gold for India' series measures the level of foreign exchange reserves held by the Reserve Bank of India, excluding its gold reserves.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into India's international liquidity position and ability to support its currency, which is important for assessing the country's financial stability and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of India.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this series to assess India's external sector vulnerabilities and the adequacy of its foreign exchange buffers, which informs decisions on monetary and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on changes in India's reserve levels.
Related Trends
Leading Indicators OECD: Component Series: Production of Goods: Normalised for India
INDLOCOPGNOSTSAM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for India
INDPROMANAISMEI
Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for India
INDFCAODCANUM
Boone Indicator in Banking Market for India
DDOI05INA156NWDB
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for India
INDIMPORTQDSMEI
Nominal Acquisitions less Disposals of Valuables for India
NFIAXDNSAXDCINQ
Citation
U.S. Federal Reserve, Total Reserves excluding Gold for India (TRESEGINM052N), retrieved from FRED.