India's forex reserves drop by $396 million to $702.57 billion as of September 19 — Here's how much gold RBI holds

RBI's data released on Friday shows that the nation's foreign exchange (forex) reserves dropped by $396 million to $702.57 billion as of 19 September 2025. Here's how much gold RBI holds and why…

Anubhav Mukherjee
Published26 Sep 2025, 06:09 PM IST
RBI data released on Friday, 26 September 2025, showed that India's forex reserves dropped to $702.57 billion as of 19 September 2025.
RBI data released on Friday, 26 September 2025, showed that India's forex reserves dropped to $702.57 billion as of 19 September 2025. (Pixabay)

India's banking regulator, the Reserve Bank of India (RBI), data shows that the nation's foreign exchange (forex) reserves dropped by $396 million to $702.57 billion as of 19 September 2025, according to an official bulletin released on Friday, 26 September 2025.

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Marking the fall within the RBI's forex kitty, the total foreign exchange reserve witnessed a $396 million drop to $702.57 billion on 19 September, compared to $702.966 billion as per the previous data release.

India's total forex reserve comprises foreign currency assets, gold, SDRs, and the nation's reserve position in the International Monetary Fund (IMF).

Foreign currency assets with the RBI witnessed a $864 million drop to their level of $586.15 billion as of Friday, 19 September 2025, compared with $587.014 billion in the last data release.

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How much gold does RBI hold?

Every central bank around the world holds a particular amount of gold reserves as a form of financial security and stability for times of geopolitical or domestic uncertainty.

The storage of gold reserves also backs the currency of the nation, along with contributing to the country's foreign exchange.

The Reserve Bank of India's gold reserves witnessed a $360 million increase to their level of $92.799 billion, compared to their previous level of $92.419 billion, according to the data released on Friday.

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Apart from gold reserves, two other aspects of forex holdings also contribute to India's foreign exchange arsenal. Special Drawing Rights (SDRs) and the Reserve position in the International Monetary Fund (IMF) are the two additional holdings which the central banks keep to contribute to the nation's forex reserves.

Other aspects of forex holdings

The Special Drawing Rights (SDRs) with RBI showed a $106 million increase to $18.879 billion as of 19 September 2025, compared to $18.773 billion, as per the previous data release earlier in September 2025.

The Reserve Position in the IMF witnessed a $2 million increase to $4.762 billion as of the week ended Friday, 19 September 2025, compared to $4.760 billion in the previous data release for the previous week.

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