India’s forex reserves jumped by $10.512 billion to $692.866 billion during the week ended July 31, the RBI said on Friday (August 7, 2026).
The overall kitty had jumped by $6.118 billion to $682.354 billion in the previous reporting week.
Reserves had expanded to an all-time high of $728.494 billion during the week ended February 27 this year before the onset of the West Asia conflict, which led to several weeks of drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales.
For the week ended July 31, foreign currency assets, a major component of the reserves, increased by $8.75 billion to $564.68 billion, the central bank’s data showed.
Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-U.S. units, such as the euro, pound, and yen, held in the foreign exchange reserves.
It can be recalled that the central bank and the government had launched a series of measures to attract more forex flows into the country last month, including the FCNR(B) measure.
The country has so far received $32 billion under the schemes, as per reports.
The value of gold reserves increased by $1.685 billion to $104.743 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $48 million at $18.666 billion, the apex bank said.
India’s reserve position with the IMF also rose by $28 million to $4.778 billion at the end of the reporting week, according to the apex bank’s data.
Published – August 07, 2026 10:45 pm IST
