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India’s foreign exchange reserves fall by $5.65 billion to $666.93 billion
India’s foreign exchange reserves declined by $5.654 billion to $666.933 billion, primarily due to a sharp fall in the value of the country’s gold reserves.
In the previous reporting week, ending June 19, the reserves had increased by $963 million to $672.587 billion. The latest figure marks the lowest level of India’s foreign exchange reserves in 15 months. The last time reserves were at a comparable level was on March 28 last year, when they stood at $665.40 billion.
According to data released by the Reserve Bank of India (RBI) on Friday, the decline was mainly driven by a $5.394 billion drop in gold reserves, which fell to $102.536 billion as of June 26. This is the lowest level for India’s gold reserves since November 7, 2025.
During the reporting week, foreign currency assets (FCAs) also declined by $150 million to $541.067 billion. FCAs include assets denominated in currencies such as the U.S. dollar, euro, Japanese yen, and British pound, with their value calculated based on prevailing exchange rates against the U.S. dollar.
The RBI also reported that, for the week ended June 26, India’s reserve position with the International Monetary Fund (IMF) fell by $21 million to $4.772 billion, while Special Drawing Rights (SDRs) declined by $89 million to $18.558 billion.
In the previous reporting week, ending June 19, the reserves had increased by $963 million to $672.587 billion. The latest figure marks the lowest level of India’s foreign exchange reserves in 15 months. The last time reserves were at a comparable level was on March 28 last year, when they stood at $665.40 billion.
According to data released by the Reserve Bank of India (RBI) on Friday, the decline was mainly driven by a $5.394 billion drop in gold reserves, which fell to $102.536 billion as of June 26. This is the lowest level for India’s gold reserves since November 7, 2025.
During the reporting week, foreign currency assets (FCAs) also declined by $150 million to $541.067 billion. FCAs include assets denominated in currencies such as the U.S. dollar, euro, Japanese yen, and British pound, with their value calculated based on prevailing exchange rates against the U.S. dollar.
