India’s forex reserves surge $14.1 billion to cross $707 billion mark
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During the week ending August 7, India’s foreign‑exchange reserves jumped by $14.136 billion, pushing the total past the $707 billion threshold, according to RBI data released on Friday, boosted by stronger foreign‑currency holdings and gold.
Key Takeaways
- India’s forex reserves jumped $14.136 billion in the week ending August 7, crossing $707 billion for the first time.
- Foreign currency assets, the largest component, rose $9.946 billion to $574.625 billion.
- Gold reserves climbed $3.995 billion to reach $108.738 billion.
- Special Drawing Rights with the IMF increased $79 million to a total of $18.745 billion.
In rupee terms, the reserves grew by ₹1.19 lakh crore over the same week, reaching ₹67.32 lakh crore, highlighting the robustness of the nation’s external position.
The gain was primarily driven by foreign currency assets (FCAs), which make up the biggest slice of the reserves. FCAs rose by $9.946 billion to $574.625 billion.
Gold reserves also climbed markedly, adding $3.995 billion to reach $108.738 billion.
Special Drawing Rights (SDRs) held with the IMF increased by $79 million, totalling $18.745 billion.
India’s reserve tranche with the IMF rose by $116 million to $4.894 billion.
Since end‑March 2026, the forex reserve stock has accumulated an extra $15.894 billion.
Year‑on‑year, reserves are up $13.384 billion, signalling steady capital inflows and a solid external balance.
The larger cushion helps shield the economy from external shocks and supports rupee stability despite swings in global markets and commodity prices.
Foreign exchange reserves, overseen by the RBI, consist of foreign‑currency assets, gold, SDRs and the IMF reserve tranche, and are monitored as a gauge of a country’s capacity to satisfy external obligations and temper currency volatility.
Meanwhile, gold reserves rose by $1.685 billion to $104.743 billion for the week ending July 31, the RBI reported.
During that same period, foreign‑currency assets—a core component of the reserves—increased by $8.750 billion to $564.680 billion.
