India’s Forex Reserves Fall $4.92 Billion to $780.78 Billion as Gold, FCA Decline

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Published on September 19, 2026

India’s Forex Reserves Fall $4.92 Billion to $780.78 Billion as Gold, FCA Decline

India’s foreign exchange reserves decreased by USD 4.92 billion to USD 780.78 billion during the week ended September 11, 2026, according to provisional data released by the Reserve Bank of India (RBI).

The weekly decline was mainly driven by lower foreign currency assets (FCAs) and gold reserves. FCAs, which constitute the largest portion of India’s forex reserves, fell by USD 2.57 billion to USD 645.80 billion during the reporting week.

India’s Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased marginally by USD 39 million to USD 13.85 billion. The country’s reserve position with the IMF remained broadly unchanged at USD 4.92 billion.

Despite the weekly reduction, India’s foreign exchange reserves remained USD 8.67 billion above the level recorded at the end of March 2026. During this period, FCAs increased by USD 93.51 billion, while gold reserves declined by USD 4.17 billion. SDR holdings rose by USD 225 million, and India’s reserve position with the IMF increased by USD 108 million.

On a year-on-year basis, total foreign exchange reserves were USD 77.82 billion higher. FCAs increased by USD 54.76 billion, while gold reserves registered a rise of USD 18.81 billion.

The RBI noted that the figures are provisional and that any differences may arise due to rounding. CASansaar