India's Forex Reserves Decline to $695.36 Billion as of October 24

India’s forex reserves slipped significantly to $695.36 billion as of October 24, 2025, down from $702.28 billion the previous week, according to RBI data released recently. This sharp decline, one of the largest in recent weeks, primarily resulted from reductions in foreign currency assets and gold reserves amid fluctuating global markets and central bank operations.

Key Highlights:

Total forex reserves stood at $695.36 billion, down $6.92 billion week-on-week.

Foreign currency assets, the largest component, decreased by $3.86 billion to $566.55 billion.

Gold reserves dropped by $3.01 billion to $105.54 billion during the same period.

Special Drawing Rights (SDRs) reduced marginally by $58 million to $18.66 billion.

India’s reserve position with the International Monetary Fund (IMF) slightly rose by $6 million to $4.61 billion.

The decline reflects RBI’s active management of forex reserves balancing market stability and currency valuation.

This movement highlights the dynamic environment impacting India's external liquidity amid global economic fluctuations.

RBI continues to monitor and manage forex reserves prudently, ensuring stability and signaling resilience in external economic dynamics.

Sources: Reserve Bank of India, Economic Times, Xinhua, Rediff News