India's forex reserves fell by $6.9 billion on-week to $695.53 billion for the week ended October 24, according to Reserve Bank of India (RBI) data. In the preceding week, forex reserves jumped by $4.49 billion week-on-week to $702.28 billion.

Foreign currency assets (FCA)--which include investment in securities, deposits with other central banks and the BIS, and deposits with commercial banks overseas -- stood at $566.54 billion, down $3.86 billion compared to last week.

Expressed in dollar terms, the FCA include effect of appreciation or depreciation of non-US units like the euro, pound and yen.

During the week ended October 24, gold reserves fell by $3.01 billion to $105.53 billion. Special Drawing Rights (SDRs), which refers to India's commitment to provide resources under the International Monetary Fund's (IMF) New Arrangements to Borrow (NAB) and investment in SDR denominated Notes issued by IMF, was at $18.66 billion, while the reserve tranche position in IMF stood at $4.60 billion. ENDS

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Published on October 31, 2025

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