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The Economic Times

Economy / The Economic Times

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Forex reserves fall by $7.79 billion to $690.69 billion: RBI data

India's foreign exchange reserves saw a significant drop of USD 7.794 billion, reaching USD 690.693 billion by May 1. This follows a previous decline. The reserves had previously hit a record high in February. The fall was primarily driven by a decrease in foreign currency assets and a sharp drop in gold reserves.

8 May 2026 6:00 pm