Current Affairs - Economy - Discussion

India’s foreign exchange reserves declined to $719.8 billion in the week ended October 2026, marking the seventh consecutive weekly fall. The reserves decreased by approximately $1.3 billion from the previous week's level of $721.1 billion. The decline was mainly driven by a reduction in gold reserves due to lower international gold prices. During the reporting week, foreign currency assets recorded an increase, while gold reserves declined. India's forex reserves had previously reached a record high of $785.7 billion in September 2026. Changes in gold valuations, international currency movements and Reserve Bank of India interventions can influence the country's foreign exchange reserves.