Forex reserves fall by $8.58 bln to $726.03 bln

What happened: India's foreign exchange reserves fell by $8.58 billion to $726.03 billion in the week ended October 9, per RBI data. Key numbers: Reserves $726.03 bln, down $8.58 bln. Foreign currency assets $597.605 bln, down $7.142 bln. Gold reserves $105.094 bln, down $1.319 bln. SDRs $18.548 bln, down $109 mln. IMF reserve position $4.78 bln, down $10 mln. Why it matters: The decline was led by foreign currency assets, the largest component of the reserves, which the RBI says reflect appreciation or depreciation in non-US currencies such as the euro, pound and yen.

India's foreign exchange reserves fell by $8.58 billion to $726.03 billion in the week ended October 9, per RBI data.

The decline was led by foreign currency assets, the largest component of the reserves, which the RBI says reflect appreciation or depreciation in non-US currencies such as the euro, pound and yen.