India’s forex reserves fall $2.33 bln to $700.24 billion for week ended Sept 26

India’s foreign exchange reserves fell by $2.33 billion to $700.24 billion in the week ended Sept. 26, the Reserve Bank of India said on Friday.The reserves had declined by $396 million in the previous week to $702.57 billion.
India’s forex reserves continue to hover near record levels, offering a robust cushion against external shocks and boosting investor confidence.Analysts say the strong reserve position enables the RBI to manage currency market fluctuations effectively and provides support to the rupee amid global uncertainties.
Foreign currency assets, the largest component of the reserves, dropped $4.39 billion to $581.76 billion. These assets include the impact of changes in the value of non-U.S. currencies such as the euro, pound and yen.Gold reserves, however, rose by $2.24 billion to $95.02 billion, the data showed.Special Drawing Rights (SDRs) fell by $90 million to $18.79 billion, while India’s reserve position with the International Monetary Fund slipped by $89 million to $4.67 billion.
The RBI regularly steps into the foreign exchange market through liquidity operations, including dollar sales, to curb volatility in the rupee.Officials say these interventions are intended to maintain orderly market conditions, rather than to target a specific exchange rate.Also Read: September GST collections rise 9.1% to reach ₹1.89 lakh croreFirst Published: Oct 3, 2025 6:13 PM IST

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