India's forex reserves drop $10 billion amid rupee defense
after close1 source ↓written by the desknot a recommendation
- reserves fell
- $10.288 billion
- for the week
- $688.058 billion
- the week ending
- 27 Mar 2026
- in February highlights
- $728.494 billion
- against the US
- 83-84
India's foreign exchange reserves fell by $10.288 billion to $688.058 billion for the week ending 27 Mar 2026. This decline from the peak of $728.494 billion in February highlights the RBI's intervention to stabilize the rupee, which has been trading between 83-84 against the US Dollar amid global uncertainties.
• Foreign currency assets decreased by $6.622 billion due to market interventions.
This significant drop signals ongoing pressure on India's external liquidity and may impact investor sentiment in the currency markets.
Not investment advice. For informational purposes only.