Forex reserves up by $14.1 billion to $707 billion

India's foreign exchange reserves jumped by $14.136 billion to $707.002 billion during the week ended August 7, official data released by the Reserve Bank of India showed on Friday.

In INR terms, the reserves increased by Rs 1,19,945 crore during the week to Rs 67.32 lakh crore.

Foreign currency assets, the largest component of the reserves, rose by $9.946 billion to $574.625 billion during the week. Gold reserves increased by $3.995 billion to $108.738 billion, while special drawing rights (SDRs) rose by $79 million to $18.745 billion.


India’s reserve position with the International Monetary Fund increased by $116 million to $4.894 billion.

The country’s overall reserves have risen by $15.894 billion from the end of March 2026 and by $13.384 billion over the year.

INR vs USD

The Indian Rupee (INR) appreciated 3 paise to close at 95.42 (provisional) against the US dollar (USD) on Friday,.

According to forex traders cited by PTI, the rupee stayed under pressure due to foreign fund outflows and rising crude oil prices amid ongoing geopolitical uncertainties.

At the interbank foreign exchange market, the rupee opened at 95.39 and moved in a range of 95.38 to 95.44 against the American currency before ending the session at 95.42 (provisional), up 3 paise from its previous close.