India's forex reserves rise by USD 7.26 Bn to USD 674.19 Bn in week ended July 3, led by foreign currency assets and gold
New Delhi, July 10
India's foreign exchange reserves increased by USD 7.26 billion during the week ended July 3, driven by a rise in foreign currency assets and gold reserves, according to data released by the Reserve Bank of India on Friday.
The data highlighted that the country's total forex reserves stood at USD 674.19 billion (Rs 64,20,602 crore) as on July 3, registering a weekly increase of USD 7.26 billion (Rs 1,26,095 crore).
The largest component of the reserves, Foreign Currency Assets (FCA), rose by USD 4.51 billion (Rs 89,198 crore) during the week to USD 545.58 billion (Rs 51,95,747 crore).
Gold reserves also witnessed a significant increase, rising by USD 2.67 billion (Rs 34,180 crore) to USD 105.21 billion (Rs 10,01,911 crore), contributing substantially to the overall increase in the country's foreign exchange reserves.
The RBI data further showed that Special Drawing Rights (SDRs) increased by USD 65 million (Rs 2,209 crore) during the reporting week to USD 18.62 billion (Rs 1,77,354 crore).
India's Reserve Position in the International Monetary Fund (IMF) also recorded a marginal increase of USD 15 million (Rs 508 crore) to USD 4.79 billion (Rs 45,589 crore).
Overall, all major components of the country's foreign exchange reserves recorded gains during the week ended July 3.
However, compared with the end of March 2026, the RBI data showed that total foreign exchange reserves were lower by USD 16.92 billion (Rs 1,33,259 crore). Foreign Currency Assets declined by USD 6.71 billion, while gold reserves were down by USD 10.19 billion over the same period.
On a year-on-year basis, total reserves were lower by USD 25.54 billion, although gold holdings increased by USD 20.36 billion during the period.
— ANI
Reader Comments
Finally some positive economic news! 7.26 billion jump in a week is impressive. But I wish the government would use these reserves to stabilize fuel prices instead of letting them fluctuate so much. 😊
Gold reserves up by 2.67 billion is a smart hedge against dollar volatility. But the year-on-year decline of 25 billion is worrying — tells me our trade deficit is still hurting. Need policies that boost manufacturing.
Impressive weekly growth! But as an expat living in India, I notice the rupee still struggles. This forex reserve is a cushion, but inflation control and export competitiveness are what matter long-term.
Great week but let's not get carried away. The overall trend since March shows reserves are down 17 billion. RBI needs to be careful with interventionist policies — and the government must control fiscal deficit.
Good to see gold reserves increasing — gives confidence during global uncertainties. But I hope this isn't just because of valuation changes. Would like to see actual purchases by RBI. Still, any rise is welcome! 🇮🇳
Interesting data. The weekly jump seems driven by FCA and gold revaluation rather than actual inflows. India's reserves are still adequate
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