- 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).
India's foreign exchange reserves have increased significantly, rising by $10.5 billion to $692.87 billion for the week ending July 31, 2026, as reported by the Reserve Bank of India (RBI).1
This surge follows a previous increase of $6.12 billion, indicating a positive trend in the country's forex position. Foreign currency assets, a key component of the reserves, rose by $8.75 billion to $564.68 billion, while the value of gold reserves also saw a boost, increasing by $1.685 billion to $104.743 billion during the same period.
The RBI's data highlights that Special Drawing Rights (SDRs) increased by $48 million to $18.666 billion, and India's reserve position with the IMF rose by $28 million to $4.778 billion. These figures reflect the effectiveness of recent measures implemented by the central bank and government to attract more forex flows, including the FCNR(B) scheme, which has reportedly brought in $32 billion so far.
The reserves had previously peaked at an all-time high of $728.494 billion in February 2026, before experiencing declines due to market pressures and interventions by the RBI through dollar sales. The recent gains suggest a recovery in the forex market, bolstered by strategic initiatives aimed at stabilizing the rupee and enhancing foreign investment inflows.
“The increase marks one of the largest weekly gains in recent months, reflecting robust foreign inflows. The RBI's data, released on August 7, covers the week ended July 31, indicating continued strength in India's external finances.”
