{"id":878594,"date":"2026-06-19T16:25:34","date_gmt":"2026-06-19T16:25:34","guid":{"rendered":"https:\/\/www.europesays.com\/us\/878594\/"},"modified":"2026-06-19T16:25:34","modified_gmt":"2026-06-19T16:25:34","slug":"indias-forex-reserves-fall-by-9-98-billion-amid-gold-reserve-drop","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/878594\/","title":{"rendered":"India&#8217;s Forex Reserves Fall by $9.98 Billion Amid Gold Reserve Drop"},"content":{"rendered":"<p><strong>India&#8217;s foreign exchange reserves experienced a notable decline of nearly $10 billion in the week ending June 12, primarily due to a significant drop in gold reserves, as reported by the Reserve Bank of India.<\/strong><\/p>\n<p><img decoding=\"async\" class=\"imgwidth\" title=\"Rupee vs dollar\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/06\/25march-rupee-dollar.jpg\" alt=\"Rupee vs dollar\" style=\"max-width:100%;\"\/><\/p>\n<p>Illustration: Dado Ruvic\/Reuters<\/p>\n<p>Key Points<\/p>\n<ul>\n<li>India&#8217;s forex reserves dropped by $9.985 billion to $671.62 billion for the week ending June 12.<\/li>\n<li>The significant decline was primarily attributed to a sharp decrease in the value of gold reserves.<\/li>\n<li>Gold reserves fell by $10.75 billion to $103.82 billion during the reporting week.<\/li>\n<li>Foreign currency assets, a major component, saw an increase of $846 million to $544.29 billion.<\/li>\n<li>Special Drawing Rights (SDRs) and India&#8217;s reserve position with the IMF also experienced minor declines.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p class=\"rbig\">India&#8217;s forex reserves dropped $9.98 billion to $671.62 billion during the week ended June 12 due to sharp drop in gold reserves, the RBI said on Friday.<\/p>\n<p>In the previous reporting week, the overall reserves had dropped $711 million to $681.61 billion.<\/p>\n<p>Components of Forex Reserves<\/p>\n<p class=\"rbig\">For the week ended June 12, foreign currency assets &#8212; a major component of the reserves &#8212; increased $846 million to $544.29 billion, the data released by the Reserve Bank of India (RBI) showed.<\/p>\n<p class=\"rbig\"><img decoding=\"async\" class=\"imgwidth\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/06\/19june-forex-graph.jpg\" alt=\"Forex graph\" style=\"max-width:100%;\"\/><\/p>\n<p>Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in foreign exchange reserves.<\/p>\n<p>Impact of Gold Reserves<\/p>\n<p class=\"rbig\">However, the value of gold reserves decreased $10.75 billion to $103.82 billion during the week, the RBI said.<\/p>\n<p>The special drawing rights (SDRs) were down $66 million to $18.7 billion, the apex bank said.<\/p>\n<p>India&#8217;s reserve position with the IMF were down $11 million to $4.81 billion in the reporting week, according to the apex bank&#8217;s data.<\/p>\n","protected":false},"excerpt":{"rendered":"India&#8217;s foreign exchange reserves experienced a notable decline of nearly $10 billion in the week ending June 12,&hellip;\n","protected":false},"author":3,"featured_media":878595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[357087,64,357086,79,66422,1567,8334,67,132,68],"class_list":["post-878594","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-apex-bank","tag-business","tag-components-of-forex-reserves","tag-economy","tag-imf","tag-india","tag-rbi","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116777710369722011","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/878594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=878594"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/878594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/878595"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=878594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=878594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=878594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}