RBI: India’s Forex Reserves Increase by $964 Million in a Week

India’s foreign exchange reserves rose by $964 million to $675.157 billion in the week ended July 10, 2026, according to the Reserve Bank of India’s Weekly Statistical Supplement released on **July 17, 2026. In rupee terms, total reserves increased by ₹15,619 crore to ₹64,36,221 crore during the week.

Foreign Currency Assets, the largest component of the reserves, increased by $930 million to $546.508 billion, while their rupee value rose by ₹14,078 crore to ₹52,09,825 crore. Gold reserves also increased by $24 million to $102.530 billion, with their rupee value rising by ₹1,235 crore to ₹10,03,147 crore.

Special Drawing Rights (SDRs) increased by $3 million to $18.626 billion, while the Reserve Position in the IMF rose by $7 million to $4.793 billion during the reporting week.

The RBI data also showed that bank credit stood at ₹2,19,28,365 crore as of June 30, 2026, recording a fortnight increase of ₹3,81,249 crore. On a year-on-year basis, bank credit increased by ₹34,42,165 crore, or 18.6%. Food credit declined by ₹1,845 crore over the fortnight, while non-food credit rose by ₹3,83,094 crore.

Money stock (M3) increased by ₹6,66,958 crore, or 2.1%, over the fortnight to ₹3,18,87,695 crore as of June 30, 2026. On a year-on-year basis, M3 expanded by ₹36,57,240 crore, reflecting 13.0% growth.

The RBI’s liquidity operations data showed net liquidity absorption under the Liquidity Adjustment Facility remained in surplus throughout July 6-12, 2026, with daily net absorption ranging from ₹98,865 crore to ₹1,71,611 crore.