India's foreign exchange reserves declined by $5.65 billion to $666.93 billion in the week ended June 26, 2026, according to data released by the Reserve Bank of India (RBI) on Friday.The drop in the reserves came after it rose by $963 million to $671.63 billion in the earlier week ended June 19, 2026.Foreign currency assets (FCAs) — the largest component of the reserves — declined by $150 million to $5541.07 billion during the week.On the other hand, gold reserves also saw a $5.39 billion decrease to stand at $102.53 billion.Meanwhile, Special Drawing Rights (SDRs) fell by $89 million to $18.55 billion, while India's reserve position with the International Monetary Fund (IMF) eased by $21 million to $4.77 billion.The RBI continues to keep a close watch on developments in the foreign exchange market and steps in whenever required to maintain orderly market conditions, while refraining from targeting any specific exchange rate.
India's forex reserves fall $5.65 billion to $666.93 billion in week ended June 26
India's foreign exchange reserves experienced a significant dip of $5.65 billion, reaching $666.93 billion by June 26, 2026. This follows a prior week's gain. The primary driver of this decline was a reduction in foreign currency assets and a notable decrease in gold reserves. Special Drawing Rights and India's IMF position also saw minor contractions.
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