India’s Forex Reserves Increase by USD 964 Million to USD 675.16 Billion

India’s foreign exchange reserves increased by USD 964 million to USD 675.157 billion during the week ended July 10, according to the Reserve Bank of India’s Weekly Statistical Supplement released on July 17.

The weekly improvement was largely driven by foreign currency assets, which constitute the biggest share of the country’s reserve holdings. These assets rose by USD 930 million to USD 546.508 billion. Their value in rupee terms increased by ₹14,078 crore during the reporting period.

India’s gold reserves recorded a marginal rise of USD 24 million, taking their total value to USD 105.230 billion. In rupee terms, the value of gold holdings increased by ₹1,235 crore.

Special Drawing Rights held with the International Monetary Fund grew by USD 3 million to USD 18.626 billion. The rupee value of these holdings increased by ₹209 crore.

The country’s reserve position in the IMF also improved, rising by USD 7 million to USD 4.793 billion. This component registered a corresponding increase of ₹97 crore in rupee terms.

Despite the latest weekly gain, India’s overall foreign exchange reserves remained USD 15.951 billion below their level at the end of March 2026. During this period, foreign currency assets declined by USD 5.775 billion, while gold reserves decreased by USD 10.166 billion. SDR holdings increased by USD 5 million, whereas India’s IMF reserve position fell by USD 15 million.

On a year-on-year basis, the country’s total reserves were USD 21.515 billion lower than the corresponding week of the previous year. Foreign currency assets declined by USD 42.302 billion during the period, while the value of gold reserves increased by USD 20.881 billion. SDR holdings were lower by USD 176 million. CA Sansaar