# India’s forex reserves surge $10.5 billion to $692.87 billion

2026-08-07T18:03:28+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

India's foreign exchange reserves rose by $10.51 billion to $692.87 billion for the week ended July 31, the RBI said on Friday. The increase follows a $6.12 billion gain the previous week. The reserves had hit an all-time high of $728.49 billion in February before the West Asia conflict, which forced the RBI to sell dollars to support the rupee. Foreign currency assets rose $8.75 billion to $564.68 billion. Gold reserves increased $1.68 billion to $104.74 billion. The government and RBI had launched measures including the FCNR(B) scheme, attracting $32 billion so far, reports say. India's IMF position also rose $28 million to $4.78 billion.

## Coverage

- rediff.com <https://www.rediff.com/business/report/indias-forex-reserves-jump-by-105-billion-to-69287-billion-amidst-global-volatility/20260807.htm>
- thehindu.com <https://www.thehindu.com/business/Industry/indias-forex-kitty-swells-by-105-bn-to-69287-billion/article71319132.ece>

Tags: FCNR(B) scheme, forex reserves, gold reserves, Indian rupee, RBI, West Asia conflict
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