BackECONOMY
India’s forex reserves fall by $7.79 billion to $690.69 billion
India's forex reserves declined by $7.79 billion, reducing total reserves to $690.69 billion, according to a report published May 8, 2026. The movement reflects changes in the country's external asset holdings.
Why It Matters
Forex reserves act as a liquidity and stability buffer for the economy, helping to manage external shocks and support the domestic currency.
Timeline
1 Event
Forex reserves fall by $7.79 billion to $690.69 billion
May 8, 2026
The report states that India's forex reserves declined by $7.79 billion, bringing total reserves to $690.69 billion.