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.