India's FX reserves fall to 7-week low of $695.49 bln in week ended Jul 18
This story was originally published at 17:13 IST on 25 July 2025
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--RBI: India Jul 18 FX reserves $695.49 bln
--RBI: India Jul 18 FX reserves $695.49 bln, down $1.18 bln on week
--RBI: India Jul 18 FX assets $587.61 bln, down $1.20 bln on week
NEW DELHI – India's foreign exchange reserves fell to a seven-week low of $695.49 billion, down $1.18 billion from the previous week, as of Jul. 18, data released by the Reserve Bank of India Friday showed. The reserves declined for the third consective week, possibly owing to revaluation losses.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, strengthened 0.6% in the week ended Jul. 18. Calculated in dollar terms, the central bank's foreign exchange reserves also reflect the impact of appreciation or depreciation of currencies other than the dollar, such as the euro, the pound sterling, and the yen, held by the RBI.
Foreign currency assets as of Jul. 18 were at $587.61 billion, down $1.20 billion. However, the value of the central bank's gold holdings rose $150 million from the previous week to $84.50 billion. End
US$1 = INR 86.51
Reported by Pratiksha
Edited by Rajeev Pai
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