India’s forex reserves fell by $4.39 billion on week to $690.7 billion for the week ended August 22, according to data released by the Reserve Bank of India (RBI). In the previous week, forex reserves had jumped $1.5 billion to $695.1 billion.
Foreign currency assets (FCA) – which include investment in securities, deposits with other central banks and the BIS, and deposits with commercial banks overseas—fell by $3.65 billion, standing at $582.2 billion as on August 22, whereas gold reserves fell by $665 million and stood at over $85 billion.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.
Special Drawing Rights (SDRs), which refers to India’s commitment to provide resources under the International Monetary Fund’s (IMF) New Arrangements to Borrow (NAB) and investment in SDR denominated Notes issued by IMF, was at $18.7 billion, while the reserve tranche position in IMF stood at $4.7 billion.
Published on August 29, 2025