Overview

• Forex reserves declined by $1.183 billion to $695.489 billion for the week ended July 18, marking a third straight weekly fall.
• Foreign currency assets dropped by $1.201 billion to $587.609 billion as strong dollar valuations weighed on holdings.
• Gold reserves rose by $150 million to $84.499 billion while special drawing rights fell by $119 million to $18.683 billion.
• India’s IMF reserve position slipped by $13 million to $4.698 billion following recent central bank interventions.
• Reserves remain sufficient to cover nearly 11 months of imports and about 96 percent of external debt obligations.