India's foreign exchange reserves slip to 717.056 billion dollars in the latest weekly data

6 November 2026

The Reserve Bank of India has reported that the country's foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30. The reserves had already shed $1.269 billion to $719.748 billion in the week before. Foreign currency assets, the largest part of the reserves, dropped by $2.088 billion to $591.118 billion. The value of gold held in the reserves fell by $559 million to $102.591 billion. The reserves had reached an all-time high of $785.706 billion in early autumn, lifted by a special concessional swap under which banks raised a record $133 billion in deposits from the diaspora. Analysts link the slide since then to the deployment of those Foreign Currency Non-Resident Bank resources and to dollar sales by the central bank in defence of the rupee.