Archive · 2 Jun 2025
India's Forex Reserves Decline by $4.88 Billion
India's money stash for foreign stuff, called forex reserves, went down a bit.
It dropped by about 5 billion dollars in one week, reaching around 685 billion dollars total.
The main part of the reserves, the foreign currency assets, increased slightly.
However, India's gold reserves decreased.
This means there was a little less money overall compared to the previous week, but it's still a huge amount.
India's forex reserves dropped by $4.88 billion to $685.729 billion.
The decrease occurred in the week ending May 16, as per the Reserve Bank of India.
Foreign currency assets increased by $279 million to $581.652 billion.
Gold reserves decreased by $5.121 billion to $81.217 billion.
The Special Drawing Rights (SDRs) and India’s reserve position with the IMF also decreased.
- Who
- Reserve Bank of India
- What
- India's forex reserves decreased
- When
- Week ended May 16
- Where
- India
- Why
- Gold reserves dropped and other factors.
- Forex Reserves
- $685.729 billion
- Decline in Reserves
- $4.88 billion
- Reserves in Previous Week
- $690.617 billion
- All-time High (September 2024)
- $704.885 billion
- Gold Reserves
- $81.217 billion
- Drop in Gold Reserves
- $5.121 billion