India's forex reserves decline amid RBI intervention
after close1 source ↓written by the desknot a recommendation
- in February 2026
- $728.49 billion
- by May 1
- $690.69 billion
- drop
- $30 billion
- per US dollar
- ₹95.65
India's foreign exchange reserves have decreased from $728.49 billion in February 2026 to approximately $690.69 billion by May 1, 2026, a drop of over $30 billion. This decline is attributed to the Reserve Bank of India's efforts to defend the rupee, which has reached a record low of ₹95.65 per US dollar. The rapid depletion of reserves raises concerns about underlying vulnerabilities in the economy.
Not investment advice. For informational purposes only.