{
  "id": 14953459,
  "title": "India’s forex reserves fall by $8.58 billion to $726.03 billion",
  "url": "https://urgent.news/2026/10/16/indias-forex-reserves-fall-by-8-58-billion-to-726-03-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T12:03:32.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/forex/indias-forex-reserves-fall-by-858-billion-to-72603-billion/article71592361.ece"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India reported that India's forex reserves declined by $8.58 billion to $726.03 billion during the week ending October 9. This marks a decrease from the previous reporting week, when reserves fell by $12.95 billion to $734.61 billion. The reserves had previously reached an all-time high of $785.71 billion for the week ending September 4, fueled by a significant infusion of currency as part of a special concessional swap for diaspora deposits. However, reserves have been gradually declining since then. The foreign currency assets, a key component of the reserves, dropped by $7.14 billion to $597.61 billion during the week. The value of gold reserves also decreased by $1.32 billion to $105.09 billion, while Special Drawing Rights fell by $109 million to $18.55 billion. India's reserve position with the IMF also dropped by $10 million to $4.78 billion.",
  "summary": "The latest decline follows a $12.952 billion fall in the previous week, extending the downward trend from September’s record high",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "Trump's US investment tracker: India ranks 6th with $500 billion, UAE leads with $1.4 trillion; who else made the list?",
        "url": "https://urgent.news/2026/10/16/trumps-us-investment-tracker-india-ranks-6th-with-500-billion-uae",
        "published": "2026-10-16T11:14:04.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBI",
        "url": "https://urgent.news/2026/10/16/indias-forex-reserves-drop-by-8-58-billion-to-726-03-billion-in-week",
        "published": "2026-10-16T11:47:31.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}