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India Forex Reserves Drop Sharply by USD 8.578 Billion to USD 726 Billion
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News18•16-10-2026, 17:30
India Forex Reserves Drop Sharply by USD 8.578 Billion to USD 726 Billion
- •India's foreign exchange reserves declined by USD 8.578 billion to reach USD 726.027 billion for the week ended October 9.
- •In the previous reporting week, the reserves had decreased by USD 12.952 billion to stand at USD 734.606 billion.
- •Foreign currency assets saw a reduction of USD 7.142 billion, dropping to USD 597.605 billion according to RBI data.
- •The value of gold reserves decreased by USD 1.319 billion to record USD 105.094 billion during the week.
- •Special Drawing Rights and India's reserve position with the IMF also experienced marginal declines.
Key Questions Answered
India's foreign exchange reserves dropped by USD 8.578 billion to reach USD 726.027 billion during the week ended October 9.
Foreign currency assets decreased by USD 7.142 billion to USD 597.605 billion, gold reserves fell by USD 1.319 billion to USD 105.094 billion, SDRs declined by USD 109 million, and the IMF reserve position decreased by USD 10 million.
The reserves touched an all-time high of USD 785.706 billion for the week ended September 4, driven by heavy currency inflows from a special concessional swap for diaspora deposits that raised nearly USD 133 billion.
