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Informist, Friday, May 22, 2026

--RBI: India May 15 FX reserves $688.89 bln 

--RBI: India May 15 FX reserves $688.89 bln, down $8.09 bln on week 

--RBI: India May 15 FX assets $545.90 bln, down $6.48 bln on week 

--RBI: Gold reserves as on May 15 $119.32 bln, down $1.54 bln on week 

NEW DELHI – India's foreign exchange reserves fell sharply in the week ended May 15 as the Reserve Bank of India propped up a defence for the falling rupee. Foreign exchange reserves fell $8.09 billion on week, the most in seven weeks, to $688.89 billion as of May 15, data released by the RBI Friday showed.

The Indian currency declined 1.6% against the dollar in the week ended May 15. The rupee has been under pressure this year because of war in West Asia and concerns about a higher current account deficit in India. The Indian currency has depreciated over 6% against the dollar in 2025. 

Foreign currency assets fell $6.48 billion on week to $545.90 billion as of May 15. The value of the central bank's gold holdings also fell $1.54 billion on week to $119.32 billion as of May 15.

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 95.69

Reported by Shubham Rana

Edited by Akul Nishant Akhoury

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