India's Forex Reserves Fall to $689.73 Billion as of October 31, 2025
India's foreign exchange reserves dropped by $5.6 billion to $689.73 billion for the week ended October 31, 2025, according to the Reserve Bank of India. The decline was driven by a fall in gold reserves and foreign currency assets, with gold reserves decreasing by $3.8 billion and foreign currency assets by $1.9 billion.
India's foreign exchange reserves experienced a significant decline, falling by $5.6 billion to $689.73 billion for the week ended October 31, 2025, as reported by the Reserve Bank of India. The drop was primarily due to a decrease in gold reserves, which fell by $3.8 billion, and a reduction in foreign currency assets, which declined by $1.9 billion. The value of Special Drawing Rights also decreased, while India's reserve position with the International Monetary Fund saw a slight increase. The central bank continues to monitor the foreign exchange market closely to maintain stable trading conditions and manage currency volatility. This decline follows a previous week's drop and marks a continued downward trend from the record high of $705 billion reached in September 2024.
