India’s forex kitty lightened by another USD 1.183 billion to USD 695.489 billion during the week ended July 18, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the overall reserves had dropped by USD 3.064 billion to USD 696.672 billion.
The last time the reserves touched an all-time high was in September, 2024, when they were at USD 704.885 billion.
Also Read: Forex reserves drop by USD 3 bn to USD 696.672 bn
For the week ended July 18, foreign currency assets, a major component of the reserves, slipped by USD 1.201 billion to USD 587.609 billion, the data revealed.
In dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Also Read: India’s forex reserves cross $700 bn
However, the gold reserves have increased by USD 150 million to USD 84.499 billion during the week, the RBI further said.
The Special Drawing Rights (SDRs) were down by USD 119 million to USD 18.683 billion, the apex bank said.
India's reserve position with the IMF declined by USD 13 million to USD 4.698 billion in the reporting week, the apex bank data showed.
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