India FX reserves drop $13B in week, largest weekly fall in recent period

India's total foreign exchange reserves fell by $12,952 million (₹91,176 crore) in the week to October 2, 2026, marking a sharp weekly decline. The drop, driven by a $10,664 million fall in foreign currency assets, likely reflects RBI intervention to support the rupee amid global pressures. This is a notable acceleration from the prior week's decline and signals potential currency stress.