India's foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, 2026, according to weekly data released by the Reserve Bank of India (RBI) on Friday, November 6. It was the eighth consecutive weekly decline in the reserves, Xinhua reported, citing the RBI's weekly bulletin.

Source: PTI via The Daily Jagran

In the previous reporting week, the reserves had fallen by $1.269 billion to $719.748 billion. The kitty had touched an all-time high of $785.706 billion in the week ended September 4, driven by a heavy inflow under a special concessional swap for diaspora deposits through which banks raised a record sum of nearly $133 billion, PTI reported — and has been on a declining trend ever since.

$717.056 billionTotal forex reserves, week ended Oct 30
-$2.691 billionChange in the week
$591.118 billionForeign currency assets
$102.591 billionGold reserves

Foreign currency assets, the largest component of the reserves, decreased by $2.088 billion to $591.118 billion during the week, the RBI data showed. The value of gold reserves fell by $559 million to $102.591 billion.

Source: Xinhua via People's Daily Online

Experts attribute the sustained decline to the deployment of the FCNR(B) resources raised under the diaspora deposit swap and to the currency defence put up by the RBI through dollar sales, PTI reported. One estimate cited in market coverage put the RBI as a net seller of about $3.2 billion during the week — an analyst estimate, not an RBI figure.

Despite the eight-week slide of about $68.65 billion from the September record, India's reserves remain among the largest in the world and comfortably cover months of imports. The RBI releases the reserve position every Friday in its Weekly Statistical Supplement.