India’s forex reserves fall by $2.7 billion to $687.73 billion as of November 7

India’s foreign exchange reserves fell by $2.7 billion to $687.73 billion in the week ended November 7, 2025, the Reserve Bank of India (RBI) said on Friday.The reserves had dipped by $5.6 billion to $689.73 billion in the week preceding that, the weekly statistical data shared by the central bank had noted.

For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by $2.45 billion to $562.13 billion, the RBI data showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Value of gold reserves declined by $1.95 billion to $101.53 billion during the week, the RBI said.

Notably, the central bank’s gold reserves had hit a record $100 billion in October even as the yellow metal rallied in global markets, before recording a crash.The Special Drawing Rights (SDRs) were down by $51 million to $18.59 billion, the apex bank said.The Reserve Bank of India routinely monitors developments in the foreign exchange market and undertakes interventions when necessary to preserve orderly trading conditions. Such interventions aim to moderate undue volatility in the rupee’s exchange rate and are not guided by any fixed exchange rate target or band.