India’s foreign exchange reserves fell below the $672 billion mark in the week ended June 12, 2026. According to the latest RBI data, total reserves stood at $671.625 billion (₹63.88 lakh crore), down $9.985 billion (₹82,100 crore) from the previous week.
The decline came despite a rise in Foreign Currency Assets (FCA), which increased by $846 million to $544.290 billion. FCA remains the largest component of India’s forex reserves and gained around ₹18,395 crore during the week.
The biggest drag was gold reserves, which dropped sharply by $10.754 billion (₹1,00,112 crore) to $103.821 billion.
Meanwhile, India’s Special Drawing Rights (SDRs) with the IMF slipped by $66 million (₹274 crore) to $18.699 billion. The country’s reserve position with the IMF also edged lower by $11 million (₹109 crore) to $4.815 billion.
Since the end of March 2026, India’s forex reserves have declined by $19.483 billion (₹1.65 lakh crore). However, despite the recent drop, reserves remain $27.326 billion (₹3.70 lakh crore) higher than their level a year ago, highlighting the overall strength of the country’s external buffers.
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