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of <h1>India's Forex Reserves Drop by $2.54 Billion After Three-Week Rise; Gold Reserves Increase by $1.942 Billion</h1> India's foreign exchange reserves decreased by USD 2.54 billion to USD 635.721 billion in the week ending February 14, following a three-week increase, according to the Reserve Bank of India. Previously, reserves had risen by USD 7.654 billion to USD 638.261 billion. The reserves peaked at USD 704.885 billion in September 2024 but declined due to RBI's interventions to stabilize the rupee. During the reported week, foreign currency assets fell by USD 4.515 billion to USD 539.591 billion, while gold reserves increased by USD 1.942 billion to USD 74.15 billion. Special Drawing Rights and India's IMF reserve position also saw slight increases.
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