India's FX reserves $780.8 bln as of Sept 11, down from all-time high wk ago
This story was originally published at 18:44 IST on 18 September 2026
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--RBI: India Sept 11 FX reserves $780.78 bln
--RBI: India Sept 11 FX reserves $780.78 bln, down $4.92 bln on week
--RBI: India Sept 11 FX assets $645.80 bln, down $2.37 bln on week
--RBI: Gold reserves as on Sept 11 $111.23 bln, down $2.59 bln on week
NEW DELHI – India's foreign exchange reserves fell by $4.92 billion to $780.78 billion from an all-time high of $785.71 billion a week ago, data released by the central bank on Friday showed. Foreign currency assets, too, followed the same trajectory, falling $2.37 billion on week to $645.80 billion.
Till last Friday, the foreign exchange reserves rose for 10 consecutive weeks. Last week's high was on the back of a sharp rise in capital inflows under the Reserve Bank of India's swap schemes. The central bank's swap schemes announced in June helped shore up foreign reserves. The schemes attracted total foreign exchange inflows of $136.38 billion as of Aug. 31, the central bank had said.
The value of the central bank's gold holdings declined by $2.59 billion on week to $111.23 billion as of Sept. 11. The Reserve Bank of India is likely to have conducted dollar-rupee sell-buy swaps in the foreign exchange market in order to drain surplus rupee liquidity from the banking system in the week ended Sept. 11. The rupee fell 0.3% against the dollar during the week.
Calculated in dollar terms, the RBI's foreign exchange reserves also reflect the impact of the 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 95.87
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Radhika Tiwari
Edited by Avishek Dutta
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