New Delhi [India], December 7 (ANI): India’s foreign exchange reserves declined by USD 1.877 billion in the week ending November 28, bringing the total to USD 686.227 billion, according to the latest data from the Reserve Bank of India (RBI).
In the previous week (ending November 21), reserves had fallen by USD 4.472 billion to USD 688.104 billion, mainly due to declines in both foreign currency assets and gold holdings. Over recent weeks, the forex reserves have shown a largely downward trend.
RBI’s ‘Weekly Statistical Supplement’ revealed that foreign currency assets (FCA), the largest component of reserves, fell by USD 3.569 billion to USD 557.031 billion. In contrast, gold reserves rose by USD 1.613 billion to USD 105.795 billion, reflecting a sharp upward trend in global gold prices amid heightened uncertainties and robust investment demand.
The data also showed that Special Drawing Rights (SDRs) increased by USD 63 million to USD 18.628 billion, while India’s reserve position with the International Monetary Fund (IMF) rose by USD 16 million to USD 4.772 billion.
Foreign exchange reserves, held primarily in reserve currencies such as the US dollar, along with smaller portions in the Euro, Japanese Yen, and Pound Sterling, are managed by the RBI to stabilise the rupee. In 2025, the reserves have cumulatively increased by about USD 48 billion, continuing a recovery following a decline of USD 71 billion in 2022.
The RBI regularly intervenes in the forex market by buying dollars when the rupee is strong and selling them when it weakens, helping prevent sharp depreciation and maintain liquidity. (ANI)
About The Author
