India’s forex reserves fall USD 7.5 billion to USD 681.38 billion

India’s forex reserves fall USD 7.5 billion to USD 681.38 billion

India's forex reserves fell $7.51B to $681.38B in the week ending May 22, extending a decline from the all-time high of $728.49B hit in late February; gold reserves dropped $4.53B, foreign currency assets $2.87B. The drawdown reflects sustained RBI intervention to defend the rupee amid geopolitical pressure, signaling continued capital outflow risk for firms with USD-denominated liabilities or import-heavy cost structures.