India's forex reserves fall by $14.88 billion to $765.90 billion in week ended September 18: RBI

Mumbai: India's foreign exchange reserves declined by $14.88 billion to $765.90 billion in the week ended September 18, according to the latest data released by the Reserve Bank of India (RBI) on Friday.The country's forex reserves stood at $780.78 billion in the previous week ended September 11.According to the RBI's Weekly Statistical Supplement, the decline was mainly driven by a fall in foreign currency assets, the largest component of India's foreign exchange reserves. Foreign currency assets fell by $14.82 billion to $630.98 billion during the week.The value of gold reserves, however, increased by $68 million to $111.29 billion, providing a marginal offset to the overall decline in reserves.Special Drawing Rights (SDRs) declined by $106 million to $18.74 billion, while India's reserve position in the International Monetary Fund (IMF) decreased by $27 million to $4.89 billion.Despite the sharp weekly decline, India's foreign exchange reserves remained $74.79 billion higher than their level at the end of March 2026, according to the RBI data.The country's forex reserves were also $63.33 billion higher compared with the corresponding period a year earlier.Foreign exchange reserves are assets held by the RBI in foreign currencies, gold, SDRs and India's reserve position in the IMF. These reserves help the country meet its external payment obligations and provide a buffer against volatility in global financial markets.The RBI's latest data showed that the fall in foreign currency assets accounted for almost the entire decline in India's total foreign exchange reserves during the week ended September 18.