India Forex Reserves Fall $5.6bn to $689.73bn

India forex reserves $689.73bn Oct 31 2025 chart from RBI weekly data

India forex reserves — RBI weekly data

What happened: Forex reserves of India fell $5.6 billion to $689.73 billion in the week ended Oct 31, 2025. Foreign currency assets dropped $1.9 billion and gold holdings fell $3.8 billion. (business-standard.com)

Immediate reaction: Analysts said RBI interventions to stabilise the rupee likely contributed to the drawdown in India forex reserves; reserves still provide about 11 months of merchandise import cover.

Why it matters: A smaller reserve cushion can limit the central bank’s room to defend the rupee.

What to watch next: weekly RBI foreign-exchange reports, FPI flows and gold-price moves. (republicworld.com)

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