India's forex reserves fall $2.69 billion on weaker currency assets and gold

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India's foreign exchange reserves dropped by about $2.69 billion in the latest reporting week. The decline was driven mainly by a $2.09 billion fall in foreign currency assets and a $559 million reduction in gold holdings. Even after the drop, total reserves stand above their March 2026 levels. Compared with a year earlier, reserves are still up by roughly $27.3 billion.

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