India forex reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, 2026, according to data from the Reserve Bank of India (RBI) reported on November 6, 2026. The total had stood at $719.748 billion in the previous reporting week.
The decline was driven mainly by foreign currency assets, the largest component of the reserves, which dropped $2.088 billion to $591.118 billion. Gold reserves also fell, by $559 million, to $102.591 billion.
What Changed in India’s Forex Reserves This Week?
Foreign currency assets (FCA) account for most of the reserves and fell $2.088 billion to $591.118 billion. Gold reserves slipped $559 million to $102.591 billion. Special Drawing Rights (SDRs) with the International Monetary Fund declined $47 million to $18.558 billion. The IMF reserve position was the only component to rise, edging up $3 million to $4.79 billion.
Why Are Forex Reserves Falling?
The latest report, as published by National Herald, links the fall to the RBI protecting the rupee. Separate coverage on the site earlier in October had also tracked the rupee near 95 to the dollar and the central bank’s steps to defend the currency. The source for this article does not break down how much of the weekly change came from RBI intervention versus valuation effects, so that split cannot be stated here.
Market and Trade Reaction
No specific market or trade-body reaction to this week’s reserves figure was found in the sources reviewed.
What Happens Next?
The RBI publishes forex reserve data every week, so the next release will show whether the decline continues or reverses. Movements in the rupee and in gold prices are the factors most likely to be watched alongside it.
Frequently Asked Questions
How much are India’s forex reserves now?
India’s forex reserves were $717.056 billion in the week ended October 30, 2026, down $2.691 billion from $719.748 billion a week earlier.
Which component fell the most?
Foreign currency assets fell the most, by $2.088 billion to $591.118 billion.
Did any component of the reserves rise?
Yes. The IMF reserve position rose by $3 million to $4.79 billion; all other components declined.
Source: National Herald India, citing RBI data, November 6, 2026.
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