India's Forex Reserves Decline by $10.3 Billion in March 2026

Q: How much did gold reserves decrease?

Gold reserves decreased by **$3.7 billion**.

Original: India's forex reserves fall around 30 billion in March

Business Standard•Apr 6, 20261 min

In a Nutshell

India's foreign exchange reserves fell by $10.3 billion to $688.1 billion in the week ending March 27, 2026, primarily due to a significant drop in foreign currency assets. This decline is part of a larger trend, with reserves decreasing by $30.5 billion in March 2026 after reaching record highs.

Key Points

01India's forex reserves decreased by $10.3 billion to $688.1 billion.
02The largest contributor to the decline was foreign currency assets, which fell by $6.6 billion.
03Gold reserves also decreased, dropping by $3.7 billion.
04The overall decline in March 2026 was $30.5 billion.
05Special Drawing Rights (SDRs) and India's IMF reserve position also saw minor reductions.

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Full Summary

India's foreign exchange reserves experienced a significant drop of $10.3 billion, bringing the total to $688.1 billion for the week ending March 27, 2026, according to the Reserve Bank of India (RBI). This decline was largely attributed to a $6.6 billion decrease in foreign currency assets, which are the largest component of the reserves. Additionally, gold reserves fell by $3.7 billion to $113.5 billion, while Special Drawing Rights (SDRs) decreased by $17 million to $18.6 billion. India's reserve position with the International Monetary Fund (IMF) also slipped by $17 million to $4.8 billion. Overall, the forex reserves have declined by $30.5 billion throughout March 2026, following a period of record highs.

Key Figures

$10.3 billion

Decline in forex reserves for the week

$688.1 billion

Total forex reserves after decline

$6.6 billion

Drop in foreign currency assets

$30.5 billion

Total decline in forex reserves for March 2026

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Why It Matters

The decline in forex reserves may lead to increased volatility in the Indian rupee, affecting import costs and potentially raising prices for consumers.

Who is affected

Importers and consumers in India, as fluctuations in forex reserves can impact currency stability.

What to know

Businesses should monitor exchange rates closely and consider hedging strategies to mitigate potential risks.

FAQ

The decline was primarily driven by a significant drop in foreign currency assets.

Gold reserves decreased by $3.7 billion.

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