India's foreign exchange (forex) reserves rose by $964 million to $675.16 billion for the week ended July 10, driven by a rise in foreign currency assets, as per the latest data released by the Reserve Bank of India (RBI) on July 17.
Foreign currency assets (FCA), the biggest component of India’s forex reserves, climbed by $930 million to $546.51 billion during the week. In rupee terms, FCA increased by Rs 14,078 crore.
Foreign currency assets include the value of foreign currencies held by the RBI and are affected by changes in major global currencies. Besides, India’s gold reserves surged during the week.
They jumped by $24 million to $105.23 billion, while their value in rupee terms went up by Rs 1,235 crore. Additionally, India’s reserve position with the IMF increased by $7 million to $4.79 billion, or Rs 97 crore in rupee terms.
Even with the latest increase in value, India’s overall forex reserves remain lower than the levels recorded at the end of March 2026.
At the end of March this year, total reserves had declined by $15.95 billion. During the period, foreign currency assets had fallen by $5.78 billion, while gold reserves had declined by $10.17 billion.
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