# India Forex Reserves oct $1.27bn to $719.75bn: Week to 23 Oct

> India's forex reserves fell $1.27 billion to $719.75 billion in the week ended 23 October, their seventh straight weekly decline. The drop was driven mainly by a $2.65 billion fall in gold valuations, while foreign currency assets rose.

- Date: 2026-10-31 · published 2026-11-01T06:11:37.839Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/4317-india-forex-reserves-oct-1-27bn-to-719-75bn-week-to-23-oct
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

The decline came from valuation changes rather than RBI dollar sales, so it signals less pressure on the rupee than earlier weeks. Feed prices are not directly affected.

## Sources

- insightfultrade.com: https://insightfultrade.com/india-forex-reserves-oct-week-ended/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.