Archive · 26 Jul 2025
India's Forex Reserves Drop for Second Straight Week
India's 'piggy bank' of foreign money, called forex reserves, decreased by over a billion dollars this week, the second drop in a row.
This is mostly because the value of foreign currencies in the reserves changed.
However, the amount of gold in the reserves went up a bit.
Overall, the total amount of money in the reserve changes slightly.
India's forex reserves decreased by $1.18 billion to $695.49 billion for the week ending July 18.
This marks the second consecutive week of decline in the forex reserves.
Foreign currency assets, a major component, dropped by $1.20 billion.
Gold reserves increased by $150 million during the same week.
The Special Drawing Rights (SDRs) and reserve position with the IMF also decreased.
- Who
- The Reserve Bank of India (RBI) reported the data.
- What
- India's forex reserves decreased.
- When
- During the week ended July 18.
- Where
- In India.
- Why
- The fluctuating values of foreign currency assets contribute to the changes.
- Forex Reserves (July 18)
- $695.49 billion
- Change in Reserves
- Down $1.18 billion
- Foreign Currency Assets
- Down $1.20 billion
- Gold Reserves
- Up $150 million
- SDRs
- Down $119 million
- Reserve Position with IMF
- Down $13 million
- Previous Week's Decline
- $3.06 billion
- All-time High
- $704.89 billion (end-September 2024)
