India's FX reserves decline to 2-month low of $709.76 bln as of Mar 13
This story was originally published at 18:00 IST on 20 March 2026
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--RBI: India Mar 13 FX reserves $709.76 bln
--RBI: India Mar 13 FX reserves $709.76 bln, down $7.05 bln on week
NEW DELHI – India's foreign exchange reserves declined to a two-month low of $709.76 billion as of Mar. 13 as the Reserve Bank of India looked to defend the Indian rupee in the face of rising crude oil prices amid the escalating hostilities in West Asia. The Indian currency depreciated 0.8% against the dollar in the week ended Mar. 13.
Reserves fell for the second consecutive week and were down $7.05 billion on week, data released by the RBI Friday showed. Foreign currency assets fell $7.68 billion on week to $555.57 billion as of Mar. 13. The value of the central bank's gold holdings declined $664 million on week to $130.68 billion as on Mar. 13.
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 93.71
Reported by Pratiksha
Edited by Akul Nishant Akhoury
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