Particle.news
Download on the App Store

India’s Forex Reserves Slip $2.12 Billion to $723.61 Billion in Week to Feb. 20

RBI’s weekly data show a valuation-led dip rather than a shift in reserve strategy.

Overview

  • Total reserves fell by $2.119 billion to $723.608 billion for the week ended February 20, according to RBI data released Friday.
  • Foreign currency assets decreased by $1.039 billion to $572.564 billion in the latest week.
  • The value of gold holdings declined by $977 million to $127.489 billion.
  • Special Drawing Rights dropped by $84 million to $18.84 billion, while the IMF reserve position eased by $18 million to $4.716 billion.
  • The prior week saw an $8.663 billion jump to a record $725.727 billion, highlighting short-term volatility driven by dollar valuation of non‑USD assets and moves in gold prices.