India’s foreign exchange reserves fell by $5.6 billion to $689.73 billion as on October 31, 2025, marking the second consecutive weekly decline.
The reserves had dropped by $6.92 billion to $695.36 billion in the preceding week, according to data released by RBI on Friday
The latest data showed that foreign currency assets, which form the largest component of the overall reserves, decreased by $1.9 billion to $564.59 billion. The RBI noted that these assets include the impact of appreciation or depreciation of non-US currencies such as the euro, pound, and yen held in the reserves.
Gold reserves saw a significant decline of $3.8 billion, falling to $101.72 billion during the week. Meanwhile, Special Drawing Rights slipped by $19 million to $18.64 billion.
India’s reserve position saw a positive shift with the International Monetary Fund rising by $164 million to $4.77 billion.
The decline in reserves comes amid fluctuations in global currency markets and changing gold prices, which continue to influence India’s overall reserve composition. Despite the recent dip, India’s forex reserves remain among the highest globally, providing a strong buffer against external shocks.
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