NewsSignals AI analysis·Moneycontrol·Nov 6, 2026

Forex reserves fall $2.69 billion to $717.06 billion, decline for second consecutive week

Grade Bbearish AI signal$INR$DXY

India's foreign exchange reserves fell by $2.69 billion to $717.06 billion in the week ended October 30, marking a second consecutive weekly decline. The drop was driven by a $2.09 billion decline in foreign currency assets to $591.12 billion, while the RBI reportedly sold $3.2 billion during the week. Continued RBI dollar sales could signal sustained pressure on the rupee and potentially increase currency-market volatility, although reserves remain $25.95 billion above their March 2026 level.

Bullish strength: 30/100

Foreign exchange reserves remain $25.95 billion above their end-March 2026 level.
Year-on-year reserves are still up $27.32 billion.

Bearish strength: 70/100

Forex reserves declined by $2.69 billion for a second consecutive week.
RBI reportedly sold $3.2 billion during the week.
Foreign currency assets declined by $2.09 billion.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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