India's forex reserves drop by $2.7B to $688B
What's the story
India's foreign exchange reserves have witnessed a decline of $2.7 billion, bringing the total to $687.73 billion for the week ending November 7, 2025. The Reserve Bank of India (RBI) released this data on Friday, marking a continuation of the downward trend from the previous week when reserves had decreased by $5.6 billion to settle at $689.73 billion.
Reserve components
Foreign currency assets and gold reserves contribute to decline
The RBI's data also revealed that foreign currency assets, which form a key part of India's forex reserves, fell by $2.45 billion to $562.13 billion in the week ending November 7. These assets are expressed in dollar terms and take into account the impact of appreciation or depreciation of currencies other than the US dollar such as euro, pound sterling, and yen on India's forex reserves.
Reserve decline
Gold reserves and Special Drawing Rights also decrease
In addition to foreign currency assets, India's gold reserves also witnessed a decline. The RBI reported a fall of $1.95 billion in gold reserves, bringing the total down to $101.53 billion for the week ending November 7. Special Drawing Rights (SDRs) also saw a dip of $51 million, taking them down to $18.59 billion during this period.