India's Forex Reserves Drop $1.27 Billion as Gold Reserves Fall
India's foreign exchange reserves declined by $1.27 billion in the week ending October 23, 2026, primarily due to a reduction in gold reserves. The decline was reported by the Times of India and Xinhua, with the latter noting a drop of over $1.2 billion. The total forex reserves stood at $719.748 billion after the decline.
Where Sources Diverge
The Times of India provided specific figures for the decline in forex reserves and the changes in gold and foreign currency assets.
India's forex reserves dropped by $1.269 billion to $719.748 billion, with gold reserves declining and foreign currency assets rising by $1.358 billion.
India's forex reserves fell by over $1.2 billion.
Xinhua did not provide detailed figures for the changes in gold or foreign currency assets.
India's forex reserves fell by over $1.2 billion.
India's forex reserves dropped by $1.269 billion to $719.748 billion, with gold reserves declining and foreign currency assets rising by $1.358 billion.
Sources
In the week ending October 23, India witnessed a decline in foreign exchange reserves, dropping by $1.269 billion to a total of $719.748 billion. This decrease was primarily driven by a notable reduction in the value of gold reserves. However, foreign currency assets saw a rise of $1.358 billion, reaching $593.205 billion.
India's forex reserves fall by over 1.2 bln USD Xinhua