Home / Economy / News / Forex reserves fall $14.9 billion, sharpest weekly drop since Nov 2024
Foreign currency assets fell $14.8 billion during the week ended September 18, with an economist attributing $10.9 billion of the decline to actual dollar sales
The total reserves stood at $780.8 billion in the previous week ended September 11
Anjali Kumari Mumbai 3 min read Last Updated : Sep 25 2026 | 8:36 PM IST
India’s foreign exchange reserves declined by $14.9 billion to $765.9 billion during the week ended September 18, marking the sharpest weekly fall since November 15, 2024, the latest data released by the Reserve Bank of India showed on Friday.
The total reserves stood at $780.8 billion in the previous week ended September 11.
Foreign currency assets (FCAs), the largest component of the reserves, declined by $14.8 billion to $631 billion during the reported week. FCAs, expressed in dollar terms, include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
“There was an actual dollar sale of $10.9 billion, and the rest of the fall was because of revaluation loss,” said Gaura Sen Gupta, chief economist at IDFC FIRST Bank.
The fall in reserves comes after a sharp rise in the previous weeks, with reserves having touched a record $785.7 billion during the week ended September 5, following foreign currency inflows under the RBI’s FCNR(B) deposit swap scheme.
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