India’s forex reserves increased by USD 1.08 billion to USD 676.237 billion for the week ending July 17, as per Reserve Bank of India data. Foreign currency assets expanded while gold holdings decreased.
Foreign currency assets rose by USD 4.549 billion to USD 551.057 billion, driven by fluctuations in non-US currency valuations. Gold reserves fell by USD 3.48 billion to USD 101.749 billion during the same period.
Special Drawing Rights increased marginally by USD 44 million to USD 18.67 billion. India’s reserve position with the International Monetary Fund decreased slightly to USD 4.761 billion.
Also Read
- EU Enacts Broad Sanctions Targeting $120 Billion Russian Crypto Network
- Euro Holds Near 12-Week Peak Versus Yen as Strong Eurozone PMI Counters BoJ Uncertainty
- Winklevoss Twins Donate $10 Million in Bitcoin to Trump‑Aligned Super PAC
- Corporate Bitcoin Holdings Face Growing Liabilities That Could Trigger Massive Sell-Offs
