India’s foreign exchange reserves fell sharply by $4.39 billion to $690.72 billion for the week ended August 22, according to the latest data released by the Reserve Bank of India (RBI) on Friday (August 29).This comes after reserves had risen by $1.49 billion in the previous reporting week to touch $695.1 billion.The decline was led by a fall in foreign currency assets (FCAs), the largest component of the forex kitty, which dropped $3.65 billion to $582.25 billion.
#ForexData | Total reserves in week-ended August 22 down $4.39 Bn At $690.72 Bn
Foreign currency assets in week-ended August 22 Down $3.65 Bn At $582.3 Bn pic.twitter.com/Q2dPX4bjUP— CNBC-TV18 (@CNBCTV18Live) August 29, 2025
Expressed in dollar terms, FCAs also reflect the impact of appreciation or depreciation of major non-US currencies such as the euro, pound, and yen.Meanwhile, gold reserves fell $665 million to $85 billion, while special drawing rights (SDRs) dipped $46 million to $18.74 billion. India’s reserve position with the International Monetary Fund (IMF) also declined by $23 million to $4.73 billion during the week.Also Read: Four reasons why the rupee crashed to a fresh all-time low today(Edited by : Shoma Bhattacharjee)
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