RBI data shows India's forex reserves fall $8.58 billion to $726.03 billion for week ended October 9

Key facts

• India's foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the Reserve Bank of India (RBI).
• The decline followed a $12.952 billion drop in the previous week, when reserves fell to $734.606 billion.
• India's foreign exchange reserves had reached an all-time high of $785.706 billion in the week ended September 4, driven by foreign currency inflows linked to a special concessional swap for diaspora deposits through which banks raised a record sum of nearly $133 billion.
• Foreign currency assets declined by $7.142 billion to $597.605 billion during the week ended October 9.
• The value of India's gold reserves decreased by $1.319 billion to $105.094 billion during the reporting week.
• India's Special Drawing Rights (SDRs) fell by $109 million to $18.548 billion, and its reserve position with the International Monetary Fund (IMF) declined by $10 million to $4.78 billion.