FX reserves at $686.80 bln as of Jan 2, biggest weekly drop in over 1 year
This story was originally published at 18:00 IST on 9 January 2026
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--RBI: India Jan 2 FX reserves $686.80 bln, down $9.81 bln on week
--RBI: India Jan 2 FX reserves $686.80 bln
NEW DELHI – India's foreign exchange reserves posted its biggest weekly fall in over a year and was at $686.80 billion in the week ended Jan. 2, according to data released by the Reserve Bank of India Friday. The reserves fell $9.81 billion from a week ago, most in a week since November 2024. The steep fall in reserves was likely on the back of the central bank's active intervention through dollar sales to support the rupee.
Foreign currency assets declined $7.62 billion on week to $551.99 billion as of Jan. 2. The value of the central bank's gold holdings fell, after rising for five consecutive weeks, to $111.26 billion in the reporting week. Gold holdings were down $2.06 billion from the previous week.
Calculated in dollar terms, the RBI's foreign exchange reserves also reflect the impact of appreciation or depreciation of currencies other than the dollar, such as the euro, the pound sterling, and the yen, held by the central bank. End
US$1 = INR 90.16
Reported by Pratiksha
Edited by Tanima Banerjee
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