India's Forex Reserves Plunge $11.68 Billion, Gold Holdings Also Decline: RBI

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India's Forex Reserves Plunge $11.68 Billion, Fastest Drop in 16 Months

RBI

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CNBC Awaaz•13-03-2026, 20:58

India's Forex Reserves Plunge $11.68 Billion, Fastest Drop in 16 Months

•India's forex reserves fell by $11.683 billion to $716.810 billion in the week ending March 6.
•This marks the sharpest decline in reserves in approximately 16 months, since November 15, 2024.
•The drop was primarily due to a decrease in Foreign Currency Assets (FCA) by $9.880 billion.
•Gold reserves also saw a decline of $1.612 billion during the same period.
•Despite the fall, India's reserves remain strong, providing a buffer against external shocks like the Iran crisis.

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