India's Reserves Plummet by $5.65B

India's foreign exchange reserves experienced a substantial decline of $5.65 billion, settling at $666.93 billion by the week ending June 26, 2026. This drop contrasts with the preceding week's gains.

The largest component, foreign currency assets, decreased by $150 million during the reporting week. Simultaneously, the nation's gold reserves diminished significantly by $5.39 billion, contributing heavily to the overall decrease.

Further reductions were observed in Special Drawing Rights, which fell by $89 million to $18.55 billion. India's reserve position with the International Monetary Fund also eased by $21 million, reaching $4.77 billion.