India's forex reserves drop by $2.69 billion

• India's foreign exchange reserves decreased by $2.691 billion during the reporting week.
• Foreign currency assets fell by $2.088 billion, while gold reserves decreased by $559 million.
• Despite the decline, overall reserves remain higher than the levels recorded in March 2026.
• Experts attribute this decline to the deployment of FCNR(B) resources and currency defense by RBI through dollar sales.
• Year-on-year comparisons indicate a net increase in reserves.