India’s forex reserves dip $2.18 billion to $697.78 billion, says RBI

The Reserve Bank of India’s weekly data showed the country’s foreign-exchange reserves fell $2.18 billion to $697.78 billion as of October 10 2025, reflecting valuation changes in global currencies. Gold reserves dropped $1.01 billion to $57.31 billion while foreign-currency assets declined $1.02 billion to $646.1 billion. Analysts attribute the fall to dollar strength and limited RBI intervention. Despite the dip, reserves remain near record highs, offering adequate import cover and rupee stability ahead of festive trade flows.