On Friday, the Reserve Bank of India (RBI) reported that the foreign exchange reserves of India increased by $6.118 billion to $682.2354 billion for the week ended July 24, 2026. This marks the second consecutive week of increase, indicating continued improvement. The foreign exchange reserves of India were recorded at $1.08 billion to $676.237 billion in the week ending July 17, 2026.

According to the RBI, the increase in the value of gold reserves was $1.308 billion to $103.058 billion. Foreign Currency Assets (FCA), which constitute the biggest chunk of the foreign exchange reserves, witnessed an increase of $4.873 billion to $555.929 billion.

The RBI clarified that the foreign currency assets also account for changes in the valuation of other currencies such as the euro, pound, and Japanese yen. In this regard, Special Drawing Rights (SDRs) decreased by $53 million to $18.617 billion. The weekly statistical supplement of the RBI indicates that the foreign exchange reserves are rebounding from the earlier decrease due to global uncertainties.

It is noteworthy that India's foreign exchange reserves had reached an all-time high of $728.494 billion in the week ended February 27, 2026. However, rising geopolitical tensions in West Asia subsequently put pressure on the rupee. To control the rupee's extreme weakness, the RBI intervened in the foreign exchange market by selling dollars, leading to a slight decrease in foreign exchange reserves in the following weeks.

The RBI maintains that it continuously monitors the foreign exchange market and intervenes only to control excessive volatility and maintain market stability. The central bank does not intervene with a specific exchange rate. According to experts, strong foreign exchange reserves provide India with significant support to meet import payments, external liabilities, and maintain economic stability during global financial and geopolitical uncertainties.

It is noteworthy that Prime Minister Narendra Modi has repeatedly appealed to citizens since May to conserve foreign currency. He has urged them to limit foreign travel, reduce fuel consumption, and avoid gold purchases for a year, all to further strengthen the country's foreign exchange reserves.

On Friday, the Reserve Bank of India (RBI) reported that the foreign exchange reserves of India increased by $6.118 billion to $682.2354 billion for the week ended July 24, 2026. This marks the second consecutive week of increase, indicating continued improvement. The foreign exchange reserves of India were recorded at $1.08 billion to $676.237 billion in the week ending July 17, 2026.

According to the RBI, the increase in the value of gold reserves was $1.308 billion to $103.058 billion. Foreign Currency Assets (FCA), which constitute the biggest chunk of the foreign exchange reserves, witnessed an increase of $4.873 billion to $555.929 billion.

The RBI clarified that the foreign currency assets also account for changes in the valuation of other currencies such as the euro, pound, and Japanese yen. In this regard, Special Drawing Rights (SDRs) decreased by $53 million to $18.617 billion. The weekly statistical supplement of the RBI indicates that the foreign exchange reserves are rebounding from the earlier decrease due to global uncertainties.

It is noteworthy that India's foreign exchange reserves had reached an all-time high of $728.494 billion in the week ended February 27, 2026. However, rising geopolitical tensions in West Asia subsequently put pressure on the rupee. To control the rupee's extreme weakness, the RBI intervened in the foreign exchange market by selling dollars, leading to a slight decrease in foreign exchange reserves in the following weeks.

The RBI maintains that it continuously monitors the foreign exchange market and intervenes only to control excessive volatility and maintain market stability. The central bank does not intervene with a specific exchange rate. According to experts, strong foreign exchange reserves provide India with significant support to meet import payments, external liabilities, and maintain economic stability during global financial and geopolitical uncertainties.

It is noteworthy that Prime Minister Narendra Modi has repeatedly appealed to citizens since May to conserve foreign currency. He has urged them to limit foreign travel, reduce fuel consumption, and avoid gold purchases for a year, all to further strengthen the country's foreign exchange reserves.