India's foreign exchange reserves fell for the fifth consecutive week to a 10-month low of $634.59 billion as of Jan. 3, data from the Reserve Bank of India (RBI) showed on Friday.

India’s foreign exchange reserves fell to a 10-month low amid persistent rupee decline and economic volatility, as the rupee hit a historic low of 86.04.

India's forex reserves hit 10-month low to $634.5 billion after rupee falls to record low of 86.04 against US dollar

India's foreign exchange reserves decreased to $634.59 billion as of the week ending January 3, 2025. The main reason for this drop was a decrease in Foreign Currency Assets by $6.4 billion to $545.47 billion.

India's forex reserves dropped by USD 5.693 billion to USD 634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday. In the previous reporting week, the overall kitty had declined by USD 4.