India's forex reserves dip by $2.69 billion: What's behind the decline?
India's foreign exchange reserves decreased by $2.691 billion, primarily due to lower foreign currency assets and gold holdings. Foreign currency assets fell by $2.088 billion, while gold reserves decreased by $559 million during the reporting week. Despite this decline, overall reserves remain higher than the levels recorded in March 2026. Year-on-year comparisons indicate a net increase in…
India's foreign exchange reserves experienced a $2.69 billion decrease in the week ending October 30, according to the Reserve Bank of India's latest data. This decline was primarily attributed to reductions in foreign currency assets and gold holdings, which constitute the majority of the reserve portfolio. Despite these declines, India's reserve position with the International Monetary Fund (IMF) increased marginally by $3 million.
The country's overall foreign exchange reserves, measured in rupees, fell by Rs 24,777 crore from the previous week, standing at Rs 68.09 lakh crore as of October 30. However, when compared to the end of March 2026, India's reserves remain significantly higher, having increased by $25.949 billion over this period. Year-on-year, the country's foreign exchange reserves have grown by $27.324 billion, or Rs 6.86 lakh crore.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
