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India's Balance of Payments Account
The balance of payments is the ledger of everything India exchanged with the rest of the world in a quarter — goods and services traded, income earned and sent home, and capital moving either way. In April to June 2026 the current account was US$4.2 billion short, a slim 0.5 percent of GDP, because record remittances and services earnings absorbed almost all of a much wider goods gap. Reserves were drawn down by US$8.1 billion on a transactions basis that quarter, but the weekly stock has since reached a record US$740.8 billion, in the week ended 28 August 2026.
Last updated 7 September 20267 min read
Latest update
Foreign exchange reserves reached a record US$740.8 billion in the week ended 28 August 2026, US$11.4 billion up on the week, with foreign currency assets at US$600.6 billion and gold at US$116.4 billion. That reverses the direction of the April-June quarter, when reserves were drawn down US$8.1 billion on a transactions basis.
- balance of payments
- current account deficit
- forex reserves
- remittances
- RBI
- trade deficit
- portfolio investment
- external sector
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