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India's Forex Reserves Rise by $6.12 Billion to $682.24 Billion, RBI Reports Second Straight Weekly Gain
RBI: According to the RBI, India's foreign exchange reserves increased by $6.118 billion to $682.235 billion in the week ended July 24. Gold reserves and foreign currency assets also increased. The increase in reserves for the second consecutive week has strengthened the country's external economic position and enhanced its ability to deal with global uncertainties.
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.
