India forex reserves fell by $1.269 billion to $719.748 billion, Reserve Bank of India data showed. The reported dates for the total and a major component differ, leaving the precise reporting period unclear.

India forex reserves and the reporting dates

The reported total was identified as being for the week ended October 30, 2026. Foreign currency assets, a major component of reserves, were separately reported as rising by $1.358 billion to $593.205 billion for the week ended October 23.

Gold reserves were reported to have fallen by $2.65 billion to $103.15 billion. Special Drawing Rights rose by $27 million to $18.605 billion, while India’s reserve position with the International Monetary Fund declined by $4 million to $4.787 billion. The reporting week for those component figures was not clearly specified.

Reserves below September record

The reported total is below the record $785.706 billion reached in the week ended September 4, 2026. Reserves have declined since that peak.

Changes in dollar-denominated foreign currency assets can reflect exchange-rate movements as well as other changes. The RBI’s explanation of reserve valuation notes that the dollar value includes the effects of appreciation or depreciation in non-US currencies held in reserves.

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