India's foreign exchange reserves rose to $682.35 billion in the week to 24 July

The Reserve Bank of India (RBI) reported in data published on Friday 31 July 2026 that the country's foreign exchange reserves reached $682.35 billion in the week ending 24 July 2026. The figure stood at $676.24 billion in the week ending 17 July, meaning reserves rose by about $6.11 billion in a single week.

The increase spans two weeks: reserves in the week to 17 July were also up from $675.16 billion the week before. Even so, current reserves remain below the series' all-time high of $728.49 billion recorded in February 2026. The long-run average for the series since 1998 is about $319.73 billion.

Foreign exchange reserves refer to the foreign assets held or controlled by a country's central bank, and can comprise gold, currency, special drawing rights and marketable securities denominated in foreign currency. The RBI's policy rate stood at 5.25% in June 2026. India is one of the world's largest crude oil importers and one of its biggest gold markets, so its foreign currency capacity bears on demand for both commodities.