India’s Foreign Exchange Reserves Fall by Nearly $10 Billion to $671 Billion

India’s foreign exchange reserves fall by nearly $10 billion to $671 billion

In rupee terms, the decline amounts to Rs 82,100 crore.

India’s forex reserves fall $9.99 billion to $671.63 billion as of June 12

India's foreign exchange reserves saw a dip of nearly $10 billion to $671.63 billion in the week ending June 12, 2026. This decline was primarily driven by a significant drop in gold reserves, despite a rise in foreign currency assets. The nation still holds a substantial forex buffer, crucial for economic stability and currency support amidst market fluctuations.

India's Forex Reserves Decline by Nearly $10 Billion

India's foreign exchange reserves saw a substantial decline of USD 9.985 billion, reaching USD 671.625 billion for the week ended June 12, primarily driven by a sharp decrease in gold reserves, according to the Reserve Bank of India (RBI).