India's Forex Reserves Fall $1.27 Billion to $719.75 Billion
What Happened
India's foreign exchange reserves fell by $1.27 billion to $719.75 billion in the week ended October 23, 2026, according to RBI data released on October 30. The decline marked the seventh consecutive weekly fall. Gold reserves dropped by about $2.6 billion to $103.15 billion, while foreign currency assets rose by approximately $1.3 billion to $593.2 billion.
Key Takeaways
The latest decline was driven mainly by a fall in the value of gold holdings, even as foreign currency assets increased. India's reserves remain below their early-September peak.