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India's Forex Reserves Decline by $11.41 Billion to $698.346 Billion: RBI Report

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India's Forex Reserves Plunge by USD 11.41 Billion to USD 698.346 Billion: RBI

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News18•27-03-2026, 17:30

India's Forex Reserves Plunge by USD 11.41 Billion to USD 698.346 Billion: RBI

•India's forex reserves dropped by USD 11.413 billion to USD 698.346 billion for the week ended March 20.
•The significant decline is primarily attributed to a sharp decrease in gold reserves.
•Foreign currency assets, a major component, increased by USD 2.127 billion to USD 557.695 billion.
•Gold reserves decreased by USD 13.495 billion to USD 117.186 billion during the reporting week.
•Special Drawing Rights (SDRs) were down USD 65 million, while India's reserve position with the IMF rose by USD 19 million.

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