India's forex kitty swells by $10.5 bn to $692.87 billion
India's foreign exchange reserves increased by $10.5 billion to reach $692.87 billion as of July 31. This growth is attributed to rising foreign currency assets and gold reserves, following government measures to attract capital.
Why it matters
A robust forex reserve strengthens the rupee and provides the RBI with more leverage to manage economic volatility.
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.
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