MUMBAI, Jul 17 – India’s foreign‑exchange reserves increased by USD 964 million, reaching USD 675.157 billion in the week ending July 10, the Reserve Bank of India (RBI) announced on Friday.
During the preceding reporting week, the overall reserve grew by USD 7.26 billion to reach USD 674.193 billion.
The reserves had peaked at an all‑time high of USD 728.494 billion in the week ending February 27 of this year, before the West Asian conflict triggered several weeks of decline as the rupee weakened and the RBI intervened in the market through dollar sales.
For the week ending July 10, foreign‑currency assets—a major component of the reserves—increased by USD 930 million to USD 546.508 billion, according to RBI data.
Expressed in dollar terms, these foreign‑currency assets reflect the appreciation or depreciation of non‑US denominations such as the euro, pound, and yen held in the reserves.
Gold reserves also rose, gaining USD 24 million to reach USD 105.223 billion.
Special Drawing Rights (SDRs) increased by USD 3 million, totaling USD 18.626 billion.
India’s reserve position with the International Monetary Fund (IMF) climbed by USD 7 million to USD 4.793 billion at the end of the reporting week, the RBI said. (PTI)
Also Read
- T. Rowe Price Debuts $2 Trillion-Backed Multi-Token Crypto ETF Featuring XRP and DOGE
- Citadel Securities Deploys $600M Across Crypto.com and Kraken in Parallel Bets on Tokenized Markets
- Polymarket Odds for Clarity Act Plummet to Record Low Amid Prolonged Senate Stalemate
- Cardano Rises as Network Shifts Toward Greater Decentralization