Archive · 31 Jul 2026
India’s Forex Reserves Surge to $682.35 Billion
India’s money that it keeps in foreign currencies went up by about $6.1 billion last week, reaching $682.35 billion.
Most of the jump came from a $4.9 billion rise in foreign currency assets, which are the biggest part of the reserves.
Gold holdings also grew by $1.3 billion.
The Reserve Bank of India and the government added new rules for foreign‑currency deposits, called FCNR(B), that helped bring in about $32 billion.
Even though the reserves are high, the amount of Special Drawing Rights with the IMF fell a little, but overall India’s reserve cushion is still strong.
India’s forex reserves rose $6.12 billion to $682.35 billion in the week ended July 24, 2026.
Foreign currency assets increased $4.87 billion to $555.93 billion, the largest component of the reserves.
Gold reserves grew $1.31 billion to $103.06 billion.
Special Drawing Rights holdings fell $53 million to $18.62 billion; IMF reserve position down $11 million to $4.75 billion.
The RBI and government’s FCNR(B) scheme attracted about $32 billion in foreign‑currency deposits.
- Who
- Reserve Bank of India and the Indian government
- What
- Increased foreign exchange reserves
- When
- Week ended July 24, 2026
- Where
- India
- Why
- Growth driven by foreign currency assets and FCNR(B) scheme inflows
- Forex reserves (USD)
- 682.35 billion
- Foreign currency assets (USD)
- 555.93 billion
- Gold reserves (USD)
- 103.06 billion
- Special Drawing Rights (USD)
- 18.62 billion
- IMF reserve position (USD)
- 4.75 billion
- FCNR(B) inflows (USD)
- 32 billion
