India's forex reserves rise $964 million to $675.16 billion for week ended July 10
Economic Times 1d ago·17 Jul 2026, 11:36 am
India's foreign exchange reserves climbed by $964 million to $675.16 billion for the week ended July 10. This rise was driven by an increase in foreign currency assets, the largest component of the reserves, which grew by $930 million. Gold reserves also saw a modest rise of $24 million. The overall rise comes as a positive sign for the economy, as reserves had touched a record high earlier this year.
For investors, this development is a reassuring indicator of the country's external sector health. A strong reserve buffer helps maintain confidence in the rupee and provides a cushion against global volatility. It also signals that the central bank has ample tools to manage market pressures. Investors should keep an eye on future reserve movements to gauge the stability of the external account and the effectiveness of current monetary policies.
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- Category: Economy.
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