# India's Forex Reserves Plummet to $717 Billion as RBI Takes Action, ETBFSI

> India’s foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, following a $1.269 billion decline the previous week. The Reserve Bank of India said foreign currency assets and gold reserves both decreased; analysts cited the use of FCNR(B) funds and RBI dollar sales to support the currency as factors behind the decline.

- Date: 2026-11-07 · published 2026-11-08T00:11:15.920Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/86656-india-s-forex-reserves-plummet-to-717-billion-as-rbi-takes-action-etbfsi
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

RBI dollar sales to support the rupee can affect currency conditions and the cost of dollar-priced imports, though the reserve change itself does not directly alter feed commodity supply.

## Sources

- bfsi.economictimes.indiatimes.com: https://bfsi.economictimes.indiatimes.com/articles/indias-forex-reserves-drop-by-usd-2-69-bn-to-usd-717-bn/135625005

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