India's Forex Reserves Tumble! Billions Lost - What This Means for Your Money
Economy
|
Updated on 14th November 2025, 12:38 PM
Author
Simar Singh | Whalesbook News Team
Crux:
India's foreign exchange reserves have dropped for the third consecutive week, decreasing by $2.699 billion to $687.034 billion for the week ending November 7. This continues a downward trend seen in the previous week, with foreign currency assets and gold reserves being the main contributors to the decline.
▶
Detailed Coverage:
India's foreign exchange reserves have experienced a significant decline for the third week in a row. For the week ending November 7, 2023, the reserves fell by $2.699 billion, bringing the total down to $687.034 billion. This follows a substantial drop of $5.623 billion in the prior week, highlighting a consistent downward trend. The primary factor contributing to this decrease is the reduction in foreign currency assets (FCA), which dropped by $2.454 billion to $562.137 billion. These assets reflect changes in the value of major global currencies like the euro, pound, and yen against the US dollar. Additionally, gold reserves decreased by $195 million, now valued at $101.531 billion. India's reserve position with the International Monetary Fund remained unchanged.
Impact: A continuous decline in forex reserves can exert pressure on the Indian Rupee, potentially leading to currency depreciation and making imports more expensive. This could also affect investor confidence and the central bank's ability to manage external debt obligations. Rating: 7/10.
Agriculture Sector
Farmers Alert! ₹6,000 PM Kisan Installment Dropping Soon: Big Digital Upgrades Revealed!
Renewables Sector
SECI IPO Buzz: India's Green Energy Giant Gears Up for Stock Market Debut! Will This Spark a Renewables Rally?
Inox Wind Shatters Records: Q2 Profits SOAR 43%! Is This Renewable Giant Finally Set for Liftoff?
EMMVEE IPO Allotment CONFIRMED! Rs 2,900 Cr Solar Giant's Shares - Check Your Status NOW!
