Forex Reserves Drop $ 2.7 Bn to $ 687 Bn

The forex kitty has been on a declining trend for the past few weeks, and had decreased by $ 5.623 billion to $ 689.733 billion in the previous reporting week

Forex Reserves Drop
info_icon

India's foreign exchange reserves dropped by another $ 2.699 billion to $ 687.034 billion during the week ended November 7, the RBI said on Friday.

The forex kitty has been on a declining trend for the past few weeks, and had decreased by $ 5.623 billion to $ 689.733 billion in the previous reporting week.

For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by $ 2.454 billion to $ 562.137 billion, the data released on Friday showed.

Big Bets On Small Nuclear

31 October 2025

Get the latest issue of Outlook Business

amazon

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Value of the gold reserves declined by $ 195 million to $ 101.531 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were down by $ 51 million to $ 18.594 billion, the apex bank said.

India's reserve position with the IMF was unchanged at $ 4.772 billion in the reporting week, the apex bank data showed. 

Published At:

Advertisement

Advertisement

Advertisement

Advertisement

×