Overview

• RBI data shows forex reserves fell by USD 3.049 billion to USD 699.736 billion in the week ended July 4, reversing a USD 4.849 billion gain from the prior week.
• Foreign currency assets slid by USD 3.537 billion to USD 591.287 billion, reflecting valuation adjustments in euro, pound and yen holdings.
• Gold reserves increased by USD 342 million to USD 84.846 billion during the reporting week.
• Special Drawing Rights climbed by USD 39 million to USD 18.868 billion and the IMF reserve position rose by USD 107 million to USD 4.735 billion.
• Reserves remain within USD 5.15 billion of the September 2024 record of USD 704.885 billion, underlining the RBI’s use of buffers to stabilize the rupee and cover import and debt obligations.