Reserve Bank of India (RBI) Records India's Forex Reserves Drop to $723.61 Billion

Key facts

• India's Foreign Exchange (Forex) reserves decreased by $2.119 billion to stand at $723.608 billion for the week ending 20 February 2026.
• The reserves had reached an all-time high of $725.727 billion in the preceding reporting week following an increase of $8.663 billion.
• The Indian Steel Association (ISA) reported that India could achieve a 28% reduction in carbon emissions within the steel industry by utilizing scrap.
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• Pakistan's central bank recorded a $16 million increase in its foreign exchange reserves.
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• China has abolished the risk reserve requirement ratio for forward foreign exchange sales.
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• The level of gas reserves at the Inchukalna underground storage facility has fallen below 20%.
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