India's foreign exchange reserves declined by $14.88 billion to reach $765.90 billion, driven primarily by a dip in foreign currency assets. Despite the weekly plunge, the country's reserves remain highly robust, providing a substantial cushion against external shocks.
$765.90 billion
Current Forex Reserves
⏳ Time Machine
How today’s news fits into the bigger picture
1991
Sovereign Debt Crisis
India's foreign exchange reserves plummet to less than $1 billion, forcing the government to airlift gold reserves to Europe as collateral for emergency IMF funding.
2013
Taper Tantrum Rupee Drop
Forex reserves drop near $275 billion as capital flees emerging markets following US Fed comments, sending the rupee to record lows and forcing emergency capital controls.
September 2026
Reserves Reach Historic High
Strong foreign direct investment and persistent equity market inflows briefly push India's total foreign exchange reserves to a record high of over $780 billion.
Today
India's foreign exchange reserves fell by $14.88 billion to reach $765.90 billion.
What happens next?
Analysts predict that if crude oil remains above $85 per barrel, the RBI may draw down another $15 billion to $20 billion by the end of the year.
According to the latest Reserve Bank of India data, India's foreign exchange reserves saw a sharp weekly contraction of $14.88 billion, settling at $765.90 billion. The decline was heavily led by a decrease in foreign currency assets, which fell by almost the entire amount of the total drop. Meanwhile, gold reserves saw a marginal increase, which slightly offset the decline. Analysts attribute the fall to valuation losses from a strengthening US dollar and active RBI intervention in the currency market to defend the Indian rupee amid rising crude oil prices. Even after this significant drop, India maintains one of the largest import cover ratios globally, ensuring the economy remains resilient against volatile global capital flows.
💭 If you're wondering…
To prevent the rupee from falling too fast, the RBI sells dollars from its reserves and buys rupees, which reduces the total reserve pool.
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Official sources
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