India’s foreign-exchange reserves fell by $18.343 billion to $747.557 billion in the week ended September 25, according to figures released by the Reserve Bank of India on October 2. The release is new; the measurement covers the preceding week.
Foreign-currency assets, the largest component, dropped $15.570 billion to $615.411 billion. The value of gold reserves declined $2.591 billion to $108.701 billion. Special Drawing Rights fell $97 million to $18.642 billion, while India’s reserve position at the International Monetary Fund decreased $86 million to $4.804 billion.
Xinhua reported a third consecutive weekly decline. In the previous reporting week, reserves had fallen $14.881 billion to $765.901 billion, according to the PTI report carried by DT Next. Despite the latest fall, the RBI table shows total reserves remained $56.450 billion above their end-March level and $47.322 billion above a year earlier.
The change should not be read as an equivalent amount of dollars sold in the market. Foreign-currency assets are reported in dollars and their value also changes when other reserve currencies appreciate or depreciate. The weekly table does not separate those effects.