Overview

• India’s foreign exchange reserves climbed by $2.703 billion to $698.192 billion in the week ended July 25, reversing the previous week’s decline.
• Foreign currency assets increased by $1.316 billion to $588.926 billion, driven by valuation gains in non‐dollar holdings.
• Gold reserves rose by $1.206 billion to $85.704 billion during the same period, underpinning the overall increase.
• Special Drawing Rights jumped by $126 million to $18.809 billion and the IMF reserve position rose by $55 million to $4.753 billion.
• With buffers covering almost a year of imports and 96 percent of external debt, the RBI retains capacity for market operations to smooth rupee swings.