India’s foreign exchange reserves rose by $10.5 billion to $692.8 billion during the week ended July 31, according to data from the Reserve Bank of India reported by Akashvani (News on AIR). The latest weekly figure represents a build-up of over $10 billion, as highlighted in the broadcaster’s headline.
The increase was led by foreign currency assets, the largest component of the reserves, which climbed by $8.7 billion to $564.6 billion during the week. Gold reserves added $1.6 billion, reaching $104.7 billion. Special Drawing Rights rose by $48 million to $18.66 billion, while the country’s reserve position with the International Monetary Fund increased by $28 million to approximately $4.8 billion.
Reserve components at a glance
The table below summarises the weekly changes and new levels for each component, as reported in the Reserve Bank of India data cited by Akashvani:
| Component | Weekly change | New level |
|---|---|---|
| Foreign currency assets | +$8.7 billion | $564.6 billion |
| Gold reserves | +$1.6 billion | $104.7 billion |
| Special Drawing Rights | +$48 million | $18.66 billion |
| IMF reserve position | +$28 million | ~$4.8 billion |
| Total foreign exchange reserves | +$10.5 billion | $692.8 billion |
Weekly movements
The Reserve Bank of India’s weekly data for the period showed the following movements:
- Total reserves rose by $10.5 billion to $692.8 billion.
- Foreign currency assets increased by $8.7 billion to $564.6 billion.
- Gold reserves gained $1.6 billion, bringing the total to $104.7 billion.
- Special Drawing Rights advanced by $48 million to $18.66 billion.
- The IMF reserve position edged up by $28 million to about $4.8 billion.
Reporting context
Akashvani, reporting the central bank’s release, noted that India’s forex reserves rose by over $10 billion during the last week of July. The broadcaster’s story, published on August 7, provides the component-level breakdown for the week ended July 31. Foreign currency assets, the largest component, account for the dominant share of the overall reserve stock, followed by gold holdings.
The weekly reserve data provide a breakdown of India’s external buffer across its main components. In the week ended July 31, the largest single contributor to the overall increase was foreign currency assets, which accounted for $8.7 billion of the $10.5 billion rise. Gold contributed $1.6 billion, while Special Drawing Rights and the IMF reserve position together added $76 million. These figures, as presented by Akashvani, reflect the values recorded by the Reserve Bank of India for the specified week.
The figures reflect the value of India’s reserve assets at the end of the week ended July 31. The Reserve Bank of India’s weekly statistical release covers changes in foreign currency assets, gold, Special Drawing Rights, and the reserve position with the IMF. The total reserve level of $692.8 billion is the sum of the four component categories listed above.
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