India's forex reserves drop by $2.69 bn to $717 bn

The Hindu · PTI · 2026-11-06 12:43 UTC

India's forex reserves fell $2.69B to $717.06B as RBI cites FCNR(B) deployments and currency defense, with declines in FCA, gold, and SDRs.

India's forex reserves dropped by $2.691 billion to $717.056 billion during the week ended October 30, the RBI said on Friday (November 6, 2026).

In the previous week, the forex kitty had reduced by $1.269 billion to $719.748 billion.

The reserves had touched an all-time high of $785.706 billion during the week ended September 4, driven by a heavy flow of currency as part of a special concessional swap for deposits from the diaspora through which banks raised a record $133 billion, but have been on a decline ever since.

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