{
  "id": 4857685,
  "title": "Sources of Variation in India’s Foreign Exchange Reserves during April-June 2026",
  "url": "https://urgent.news/2026/09/01/sources-of-variation-in-indias-foreign-exchange-reserves-during-april",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T12:32:39.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63494"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India released balance of payments data for April-June 2026, detailing sources of variation in foreign exchange reserves. Overall, reserves decreased by US$ 8.1 billion compared to an increase of US$ 4.5 billion during the same period in 2025. When excluding valuation effects, reserves fell by US$ 8.1 billion in 2026 as against an increase of US$ 4.5 billion in 2025. The decrease was primarily driven by a valuation loss from gold price decline and US dollar appreciation, totaling US$ 14.4 billion.",
  "summary": "Today, the Reserve Bank of India released the balance of payments (BoP) data for the first quarter (Q1), i.e., April-June of 2026 on its website ( www.rbi.org.in ). On the basis of these data, the sources of variation in foreign exchange reserves during April-June 2026 are detailed below in Table 1 . Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items April-June 2025…",
  "key_points": [
    "Foreign exchange reserves decreased by US$ 8.1 billion in April-June 2026",
    "Valuation loss from gold price decline and US dollar appreciation totaled US$ 14.4 billion",
    "Reserves increased by US$ 4.5 billion in the same period in 2025"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "title": "Developments in India’s Balance of Payments during the First Quarter (April-June) of 2026-27",
        "url": "https://urgent.news/2026/09/01/developments-in-indias-balance-of-payments-during-the-first-quarter",
        "published": "2026-09-01T12:32:39.000Z"
      }
    ]
  },
  "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."
}