New Delhi, October 3 (Udaipur Kiran News): India’s foreign exchange reserves declined for the second consecutive week, falling by $2.33 billion to $700.24 billion during the week ended September 26, according to data released by the Reserve Bank of India (RBI) on Friday.

In the previous week, the reserves had dropped by $396 million, bringing the total to $702.57 billion.

The RBI data showed that foreign currency assets (FCA) — the largest component of the forex reserves — decreased by $4.39 billion to $581.76 billion during the reporting week.

On the other hand, gold reserves rose by $2.24 billion to $95.02 billion. Meanwhile, Special Drawing Rights (SDRs) fell by $90 million to $18.78 billion, and India’s reserve position with the International Monetary Fund (IMF) declined by $89 million to $4.67 billion.

Despite the decline, India’s forex reserves remain among the highest globally, providing a strong buffer against external shocks and global market volatility.