Reserve Bank of India (RBI) Reports $9.809 Billion Decline in India's Forex Reserves
[Reserve Bank of India (RBI)]
Key Updates:
- The Reserve Bank of India (RBI) data shows India’s foreign exchange reserves fell by $9.809 billion to $686.801 billion in the week ended January 02, 2026.
- Foreign Currency Assets (FCAs), the largest component of the reserves, decreased by $7.622 billion to stand at $551.99 billion.
- Gold reserves decreased by $2.058 billion during the week to reach a total of $111.262 billion.
- Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dropped by $25 million to $18.778 billion.
- The country’s reserve position in the IMF decreased by $105 million to $4.771 billion as of December 26.
- In the previous week ending December 26, the reserves had increased by $3.293 billion to $696.61 billion.
- The RBI intervenes in the foreign exchange market to curb excessive volatility in the rupee without anchoring to any predetermined exchange rate level.
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- India's Foreign Exchange Reserves increased to $696,610 Million for the week ending December 26 from $693,320 Million in the previous week.
- The reserves reached an all-time high of $704,890.00 Million in September 2024 and a record low of $29,048.00 Million in September 1998.
- The Reserve Bank of India (RBI) Interest Rate was recorded at 5.25% in December 2025, down from 5.50% in the previous period.
- The Cash Reserve Ratio (CRR) stood at 3.00% in November 2025, compared to 3.25% in the preceding month.
- The Reverse Repo Rate was maintained at 3.35% as of November 2025.
- Bank Loan Growth YoY increased to 12.00% in December 2025 from 11.50% in the previous period.
- The RBI Central Bank Balance Sheet was valued at 40,873.89 INR Billion in November 2025.
- Foreign Exchange Reserves in India are projected to reach $710,000.00 Million by the end of the current quarter and trend around the same level in 2027.
- India's Foreign Exchange Reserves averaged $311,804.00 Million from 1998 until 2025.
- India’s foreign exchange reserves fell by $4.472 billion to $688.104 billion in the week ended November 21.
- Foreign currency assets declined by $1.69 billion to $560.6 billion.
- Gold reserves decreased by $2.675 billion to $104.182 billion.
- Special Drawing Rights dropped $84 million to $18.566 billion.
- India’s reserve position with the IMF fell $23 million to $4.757 billion.
- India’s foreign exchange reserves fell by $5.6 billion in the week ended October 31, 2025.
- The total foreign exchange reserves stood at $689.73 billion as of October 31, 2025, according to the Reserve Bank of India (RBI).
- In the week preceding, the reserves had dipped by $6.92 billion to $695.36 billion.
- Foreign currency assets, a major component of the reserves, decreased by $1.9 billion to $564.59 billion for the week ended October 31.
- The value of gold reserves declined by $3.8 billion to $101.72 billion during the week.
- Special Drawing Rights (SDRs) were down by $19 million to $18.64 billion.
- India's reserve position with the IMF was up by $16.4 million at $4.77 billion in the reporting week.
- The Reserve Bank of India undertakes interventions in the foreign exchange market to moderate undue volatility in the rupee’s exchange rate and preserve orderly trading conditions.
- India’s foreign exchange reserves increased by $1.03 billion to $687.26 billion for the week ending on December 12, 2025.
- In the previous reporting week, India's forex reserves had dropped by $1.877 billion to $686.227 billion.
- Foreign currency assets decreased by $151 million to $556.88 billion for the week ended December 5.
- Value of the gold reserves increased by $1.188 billion to $106.984 billion during the week.
- The Special Drawing Rights (SDRs) were up by $93 million to $18.721 billion.
- India's reserve position with the IMF was down by $97 million to $4.675 billion in the reporting week.
Odisha Cabinet approves Tata Power Renewable Energy Limited (TPREL) solar manufacturing facility
[Odisha, Tata Power Renewable Energy Limited (TPREL)]
Key Updates:
- The state cabinet cleared a proposal by Tata Power Renewable Energy Limited (TPREL) to establish an integrated solar manufacturing facility in the Tata special economic zone (SEZ) in Ganjam district.
- Planned in two phases, the facility will have a production capacity of 10 GW ingot-wafer and 5 GW solar cell manufacturing, making it the first upstream solar manufacturing unit of its kind in the state.
- Beyond direct employment, the project is expected to catalyse ancillary industries in glass, chemicals, packaging, logistics and precision machinery, generating additional livelihood opportunities for MSMEs.
- The facility is expected to strengthen the upstream solar value chain in Odisha, reduce dependence on imports of critical solar components, and support India’s target of achieving 100 GW domestic solar module manufacturing capacity by 2030.
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- Gujarat has installed over 5 lakh rooftop solar systems under PM Surya Ghar: Muft Bijli Yojna, achieving 1,879 MW aggregate capacity.
- Residential consumers have availed subsidies worth Rs 3,778 crore under the scheme.
- Subsidy rates: Rs 30,000 per kW up to 2 kW, Rs 18,000 per kW above 2 kW up to 3 kW, and maximum Rs 78,000 for systems above 3 kW.
- State provides Rs 2,950 assistance towards regulatory charges for systems up to 6 kW and waives network strengthening charges for the same category.
- No net metering agreement required, no load limit for residential solar installations, no banking charges on residential consumers, and households can sell surplus electricity.
- NLC India Limited (NLCIL) has received the Letter of Acceptance (LoA) for the development of its 110MW grid-connected solar photovoltaic power project.
- The solar power project is located in Uttar Pradesh.
- The project is for National Capital Region Transport Corporation Limited (NCRTC).
- National Capital Region Transport Corporation Limited (NCRTC) will set up, commission, operate and maintain the solar power plant.
- The project will cater to National Capital Region Transport Corporation Limited (NCRTC)’s power requirement and support its vision of adopting clean and sustainable energy solutions for large-scale infrastructure projects.
- Tata Power plans to set up the country's largest solar wafers and ingots manufacturing plant with a capacity of 10 gigawatts
- The facility will complete Tata Power's presence across the manufacturing chain; the company already has 4.9 GW of integrated cell and module-making capacity
- The project aligns with the Indian federal government's push for increased use of locally made ingots and wafers to cut reliance on imports from China
- Tata Power is exploring the use of federal and state financial support for the new factory and will finalize investment details within the next two months
- Separately, Tata Power is considering entering nuclear power generation as India targets at least 100 GW of nuclear projects by 2047
- The Global Energy Leaders’ Summit (GELS) 2025 is set to convene in Puri, Odisha, from December 5 to 7.
- Positioned as 'a COP for India’s energy sector,' the Summit will bring together policymakers, international experts, and industry leaders.
- The summit’s theme is “Powering India: Sufficiency, Balance, Innovation”.
- GELS 2025 aims to create a structured platform for meaningful engagement among the Union Government, nearly 15 States, and over 30 national and international energy experts.
- The Summit is organised with the Tony Blair Institute and Indian Institute of Technology (IIT) Kanpur, aligned with India’s Net Zero 2070 vision.
- Key participants include Deputy Chief Minister Kanak Vardhan Singh Deo, Principal secretary (energy) Vishal Kumar Dev, NITI Aayog Chief Executive Officer (CEO) B.V.R. Subrahmanyam, Union energy minister Pralhad Joshi, and Chief Ministers from Himachal Pradesh and Chhattisgarh.
- Chief Minister Mohan Charan Majhi will inaugurate the Summit on December 6.
NASA Accelerates Crew-11 Return After First ISS Medical Evacuation
[National Aeronautics and Space Administration (NASA)]
Key Updates:
- NASA announced the first medical evacuation from ISS, bringing four Crew-11 astronauts home early.
- Crew-11 consists of NASA astronauts Zena Cardman and Michael Fincke, JAXA astronaut Kimiya Yui, and Roscosmos cosmonaut Oleg Platonov.
- The Crew Dragon Endeavour spacecraft launched on August 1, 2025, and the medical issue emerged near mission end.
- NASA clarified the situation is not an emergency; the astronaut is stable and not in immediate danger.
- ISS spans 356 feet, larger than a six-bedroom house, with six sleeping quarters, two bathrooms, a gym, and a 360-degree bay window.
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- A U.S.-Russian crew of three began a mission on the International Space Station after being launched there on a Russian spacecraft.
- A Soyuz booster rocket lifted off from the Russia-leased Baikonur launch facility in Kazakhstan to put the Soyuz MS-28 into orbit.
- The spacecraft carried NASA astronaut Chris Williams and Russian crewmates, Sergei Mikaev and Sergei Kud-Sverchkov.
- The craft docked at the International Space Station.
- The three are expected to spend about eight months at the orbiting outpost.
- NASA said this is the first spaceflight for Williams, a physicist, and Mikaev, a military pilot.
- This is the second flight for Kud-Sverchkov.
- Already on the space station are NASA astronauts Mike Fincke, Zena Cardman and Jonny Kim, Japan Aerospace Exploration Agency (JAXA)’s astronaut Kimiya Yui and Russian cosmonauts Sergei Ryzhikov, Alexei Zubritsky and Oleg Platonov.
- Williams will conduct scientific research and technology demonstrations aimed at advancing human space exploration and benefiting life on Earth, NASA said.
- Roscosmos space corporation (Roscosmos) said in a statement Thursday evening that the crew was “in good health” after the flight.
- A routine inspection of the launch pad, conducted after the liftoff, identified “damage to several launch pad components.”
- The extent of the damage was being assessed, but “all necessary spare components are available for repairs, and the damage will be repaired shortly,” Roscosmos said.
- China has deployed a replacement return capsule to its space station, marking the first emergency launch in its crewed space programme.
- The Shenzhou-22 spacecraft, loaded with 600 kg of supplies, including food and material needed to repair a damaged return vehicle, lifted off at 12.11 PM (local time) on Tuesday.
- It linked up with the Tiangong space station in under four hours.
- The astronauts had been forced to rely on the fresh capsule because their designated Shenzhou-20 return ship was found to have tiny cracks in one of its portholes, damage suspected to be caused by space debris.
- The flaw made it unsafe for a crewed descent.
- Shenzhou-20 will be repaired and sent back to Earth at a later stage, but only as a cargo vessel without astronauts.
- Zheng Wei, a researcher at the China Aerospace Science and Technology Corporation (CASC), explained the complexity of repairing the affected glass.
- According to SCMC, Zheng said removing the glass was too risky, meaning repairs could only be done internally, strengthening the structure from within.
- Shenzhou-22 was launched from the Jiuquan Satellite Launch Centre in northwest China on a Long March-2F Y22 rocket.
- According to Xinhua, the spacecraft includes several upgrades — such as enhancements to the instrument system, more room for payload installation and refinements to various components — improvements that will be incorporated into future vessels.
- Shenzhou-21 spacecraft docked at the forward port of Tiangong’s Tianhe core module at 3:22 p.m. Eastern (1922 UTC) Oct. 31, according to CMSEO.
- The mission carries commander Zhang Lu and crewmates Zhang Hongzhang and Wu Fei for a roughly six-month stay aboard Tiangong.
- Science agenda includes space life sciences, biotechnology, fluid physics, space medicine, materials science, combustion, and reproduction experiments with four black mice.
- Long March 2F rocket launched from Jiuquan Satellite Launch Center at 11:44 a.m. Eastern (1544 UTC).
- China is developing the Long March 10 rocket, Mengzhou crew spacecraft, Lanyue lunar lander, Wangyu lunar suit, and crew lunar rover for a crewed lunar landing before 2030.
- The 14th International Day of Radiology (IDoR 2025) is celebrated worldwide on November 8.
- The day aims to enhance awareness of the value radiology contributes to safe patient care and to improve public understanding of the vital role radiologists and radiographers play in the healthcare continuum.
- Participants are encouraged to share IDoR 2025 activities by emailing photos to IDoR@myesr.org or posting on social media using the hashtag #IDoR2025.