Press release 🌐 Macro 🌍 India

RBI Gold Reserves Drop by US$2.29 Billion as Total Forex Assets Shift

RBI gold holdings decreased by US$2.29 billion in early October, contributing to a broader US$12.95 billion decline in India's total foreign exchange reserves.

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RBI's gold reserves fell by US$2,288 million week-over-week as of October 2, 2026, reflecting a decrease in central bank holdings.

🎯 Key Takeaways

  • Gold reserves fell by US$2,288 million week-over-week to reach US$106.41 billion.
  • Total foreign exchange reserves contracted by US$12.95 billion, settling at US$734.61 billion.
  • Foreign currency assets saw a significant weekly reduction of US$10.66 billion.

📝 Executive Summary

The Reserve Bank of India reported a decline in gold reserves, which fell by US$2,288 million to US$106.41 billion as of October 2, 2026. Total foreign exchange reserves also saw a weekly contraction of US$12.95 billion, reflecting broader adjustments in the central bank's balance sheet.

❓ FAQ

What was the primary driver for the change in India's foreign exchange reserves?

The decline was largely driven by a US$10.66 billion drop in foreign currency assets and a US$2.29 billion reduction in gold holdings as of October 2, 2026.