New Delhi: India’s foreign exchange reserves experienced a notable reduction in the latest weekly data released by the Reserve Bank of India (RBI), slipping from a recent peak and underscoring the dynamic nature of reserve management amid shifting global market conditions. According to central bank figures, the country’s forex reserves fell by $6.711 billion in the week ending February 6, 2026, bringing the total to $717.064 billion.
This downturn followed the previous week’s surge, when reserves reached an all-time high of $723.774 billion. The latest figures reveal that while some components of the reserves strengthened, others saw sharp declines that collectively outweighed the gains.
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Breaking down the changes, foreign currency assets (FCA), the largest part of the reserves, actually increased by about $7.661 billion to roughly $570.053 billion during the reported week. These assets include holdings in major global currencies such as the euro, pound and yen, whose valuations in dollar terms can fluctuate with market movements.
However, the value of gold reserves contracted significantly, dropping by approximately $14.208 billion to about $123.476 billion, a primary factor driving the overall decline in the forex kitty. Other elements of the reserve portfolio also contributed to the fall: Special Drawing Rights (SDRs) dipped by $132 million to $18.821 billion, and India’s reserve position with the International Monetary Fund (IMF) decreased by $32 million to $4.715 billion over the same period.
Despite the weekly drop, India’s forex reserves remain among the world’s largest, providing a substantial buffer that supports the country’s import cover and external stability.
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