India's foreign exchange reserves drop $18.34 billion to $747.56 billion
India's total foreign exchange reserves fell by $18.34 billion in the week ending September 25, reaching $747.56 billion.
The Reserve Bank of India reported that the nation's foreign exchange reserves declined to $747.56 billion, a drop of $18.34 billion from the previous week. The largest component, foreign currency assets, fell by $15.57 billion to $615.41 billion. Gold holdings decreased by $2.59 billion, while Special Drawing Rights and the IMF reserve position each slipped slightly.
Why it matters
A shrinking reserve buffer can affect India's ability to manage currency volatility and meet external obligations.
In this story
forex reservesforeign currency assetsgold reservesspecial drawing rightsIMF positionRBI datareserve decline
