India’s foreign exchange reserves declined by USD 9.99 billion to USD 671.63 billion in the week ended June 12, according to data released by the Reserve Bank of India today. The reserves stood at USD 681.61 billion in the previous week. The fall was mainly driven by a sharp decline in gold reserves, which dropped by USD 10.75 billion to USD 103.82 billion.
Foreign currency assets, the largest component of the reserves, increased by USD 846 million to USD 544.29 billion during the week. Special Drawing Rights with the International Monetary Fund fell marginally by USD 66 million to USD 18.69 billion, while India’s reserve position with the IMF declined by USD 11 million to USD 4.81 billion.
In rupee terms, the total foreign exchange reserves stood at Rs 63.88 lakh crore as of June 12. Overall, the reserves have fallen by USD 19.48 billion from the end-March 2026 level.
The Reserve Bank data noted that gains in foreign currency assets were offset by a steep correction in gold holdings, resulting in the overall decline. Foreign exchange reserves are closely tracked as a key indicator of external stability and the country’s ability to manage currency volatility and external obligations.
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