Abstract：India's foreign exchange reserves stood at $747.56 billion in the week ended September 25, according to The Economic Times, which reported the figure alongside a headline decline of $18.34 billion. The same report said the fall was driven mainly by a reduction in foreign currency assets, the largest component of the reserves.
India's foreign exchange reserves stood at $747.56 billion in the week ended September 25, according to The Economic Times, which reported the figure alongside a headline decline of $18.34 billion. The same report said the fall was driven mainly by a reduction in foreign currency assets, the largest component of the reserves.
ContentsWhat the Weekly Data Showed
Foreign currency assets, which are the foreign-currency securities and deposits held by the Reserve Bank of India, dropped to $615.411 billion, The Economic Times reported. Gold reserves also declined, to $108.701 billion. The report added that Special Drawing Rights and India's reserve position with the International Monetary Fund also experienced declines, without giving figures for those two components.
For readers new to foreign exchange, reserves are the assets a central bank holds in foreign currencies and other instruments. They are used to smooth swings in the currency market and to meet external payment obligations. Foreign currency assets are usually the biggest slice, followed by gold, Special Drawing Rights and the country's position at the IMF. Special Drawing Rights are an international reserve asset created by the IMF and can be exchanged among member countries for freely usable currencies.
Figures the Report Did Not Provide
The excerpt supplied does not state the prior week's reserve level, so the $18.34 billion decline in the headline cannot be independently confirmed from the text alone. It also does not give the size of the falls in Special Drawing Rights or the IMF reserve position, and it does not specify the exact week-over-week comparison base or the date the data was released. No reason for the decline is given, and no RBI official or economist is quoted.
The same page carried unrelated news items, including coverage of India-China-US dynamics, a tribute by President Murmu, Prime Minister Modi and Rahul Gandhi at Raj Ghat, and remarks by Russian President Vladimir Putin on India ties. It also included subscription offers and research tools. None of that material adds reserve data or explains the weekly change.
Why the Number Matters for Currency Watchers
Reserve levels are watched by traders because they indicate a central bank's capacity to intervene in the currency market. A weekly decline can reflect valuation effects, such as changes in the market value of non-dollar assets, or actual sales of foreign currency, but the supplied report does not say which factor was at work. Without that detail, the data point should be read as a snapshot of the reserve stock rather than an explanation of the rupee's direction.
The Economic Times is the primary source for the figures in this article. The report was published on October 2, 2026, while the data covers the week ended September 25. The publication date is not the date the reserves data was compiled, and the excerpt does not state when the figures were released.
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