India’s foreign exchange reserves fell to $717.6 billion as on February 6, 2026, dropping by $6.71 billion, data from the Reserve Bank of India showed on Friday. In the week ending January, the reserves had increased to $723.8 billion, strengthening the country’s buffer against external shocks and ensuring import cover for over 11 months. Speaking last Friday, central bank chief Governor Sanjay Malhotra had said the bank remains well placed to manage India’s external financing needs in the current global environment.