Archive · 31 Jul 2026
India’s Forex Reserves Rise to $682.35 Billion
India’s central bank said that the country’s stash of foreign money grew by about $6.1 billion last week, reaching $682.3 billion.
The previous week it had only added $1.1 billion.
The biggest amount ever was $728.5 billion in February.
The rise happened after the bank sold dollars to keep the rupee steady during a Middle East conflict.
The Prime Minister has asked people to travel less, use less fuel, and not buy gold for a year to help keep the reserves strong.
Forex reserves rose $6.118 billion to $682.354 billion in the week ended July 24, 2024.
The previous week’s increase was $1.08 billion to $676.237 billion.
All‑time high of $728.494 billion reached on February 27, 2024 before a dip due to Middle East tensions.
Reserve Bank of India intervened in the market by selling dollars to support the rupee.
Prime Minister Narendra Modi urged citizens to cut foreign travel, fuel use, and gold purchases to conserve reserves.
- Who
- Reserve Bank of India and Prime Minister Narendra Modi
- What
- India’s foreign exchange reserves increased to $682.354 billion
- When
- Week ended July 24, 2024
- Where
- India
- Why
- To maintain economic stability amid market pressures and to respond to public appeals for forex conservation
- Forex reserves (week ended July 24, 2024)
- $682.354 billion
- Increase from previous week
- $6.118 billion
- All-time high (Feb 27, 2024)
- $728.494 billion
- Reserve Bank of India
- Central bank of India
- Prime Minister Narendra Modi
- Appealed to conserve forex
