India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBI

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. Foreign currency assets and gold reserves recorded significant declines, while special drawing rights and India’s reserve position with the IMF also fell.