Overview

• RBI data show forex reserves fell by $1.02 billion to $697.93 billion for the week ended June 20.
• Foreign currency assets declined by $357 million to $589.06 billion.
• Gold holdings decreased by $573 million to $85.74 billion.
• Special Drawing Rights dropped by $85 million to $18.672 billion and the IMF reserve position edged down $1 million to $4.45 billion.
• Reserves remain below the all-time high of $704.885 billion reached in September 2024 even after recent dollar sales by the RBI to stabilize the rupee.