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India Forex Reserves Drop by USD 12.95 Billion to USD 734.61 Billion
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News18•09-10-2026, 17:30
India Forex Reserves Drop by USD 12.95 Billion to USD 734.61 Billion
- •India’s forex reserves declined by USD 12.952 billion to USD 734.606 billion for the week ended October 2, according to RBI data.
- •Foreign currency assets, which are a major component of the reserves, decreased by USD 10.664 billion to USD 604.747 billion.
- •The value of gold reserves also saw a decrease, dropping by USD 2.288 billion to reach USD 106.413 billion during the week.
- •Special Drawing Rights increased slightly by USD 15 million to USD 18.656 billion, while India's reserve position with the IMF decreased by USD 15 million.
Key Questions Answered
India's forex reserves dropped by USD 12.952 billion to stand at USD 734.606 billion during the week ended October 2, according to data released by the Reserve Bank of India.
During the week ended October 2, foreign currency assets decreased by USD 10.664 billion to USD 604.747 billion, while the value of gold reserves fell by USD 2.288 billion to USD 106.413 billion.
India's forex reserves reached an all-time high of USD 785.706 billion for the week ended September 4, driven by a heavy flow of currency from a special concessional swap for diaspora deposits.
