India’s forex reserves drop by $4.9 billion to $780.7 billion: RBI data

India’s forex reserves dropped by $4.924 billion to $780.782 billion during the week ended September 11 due to a fall in foreign currency and gold reserves, according to the RBI data released on Friday.In the previous reporting week, forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion.For the week ended September 11, foreign currency assets, a major component of reserves, fell by $2.372 billion to $645.796 billion, the central bank data showed.Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in foreign exchange reserves.The value of gold reserves fell by $2.591 billion to $111.225 billion during the week, the RBI said.The Special Drawing Rights (SDRs) were up $39 million to $18.845 billion, the apex bank said.India’s reserve position with the IMF stood at $4.916 billion in the reporting week, according to the apex bank’s data.Also Read: Indian markets: From UPI to AI, where Nilesh Shah, Sanjay Parekh see opportunitiesFirst Published: Sept 18, 2026 7:46 PM IST

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