The Reserve Bank of India released its latest banking and monetary data on July 3, 2026, covering foreign exchange reserves, scheduled commercial banks, money stock and liquidity operations.
According to the release, India’s total foreign exchange reserves stood at ₹62,94,507 crore, or US$666,933 million, as on June 26, 2026. The reserves fell by ₹51,500 crore during the week. In dollar terms, the weekly decline was US$5,654 million.
Foreign exchange reserves
The largest component, foreign currency assets, stood at ₹51,06,549 crore, or US$541,067 million. This component rose by ₹96 crore over the week, while its dollar value fell by US$150 million.
Gold reserves were reported at ₹9,67,731 crore, or US$102,536 million. The gold component fell by ₹50,605 crore during the week, with a decline of US$5,394 million in dollar terms.
Special Drawing Rights stood at ₹1,75,144 crore, or US$18,558 million, down ₹792 crore over the week. India’s reserve position in the IMF was ₹45,082 crore, or US$4,772 million, lower by ₹199 crore during the week.
Compared with end-March 2026, total reserves were lower by ₹2,59,355 crore and US$24,175 million. On a year-on-year basis, the rupee value of total reserves was higher by ₹2,86,762 crore, while the dollar value was lower by US$35,851 million.
Loans and advances of RBI
Under the Reserve Bank’s loans and advances, lending to the Central Government was reported as zero. Loans and advances to state governments were ₹8,790 crore as on June 26, 2026. This was ₹421 crore lower than the previous week and ₹11,276 crore lower than the year-earlier level.
Scheduled commercial banks
For scheduled commercial banks, the release gave data for business in India as on June 15, 2026. Aggregate deposits stood at ₹2,58,41,605 crore. Deposits declined by ₹1,60,500 crore over the fortnight. The release showed year-on-year deposit growth at 12.0% for 2026.
Demand deposits were ₹31,90,797 crore, down ₹1,21,539 crore over the fortnight. Time deposits stood at ₹2,26,50,808 crore, down ₹38,961 crore over the same period.
Bank credit stood at ₹2,15,47,116 crore as on June 15, 2026. It increased by ₹31,714 crore over the fortnight. The year-on-year growth figure for bank credit was shown at 17.7% for 2026.
Food credit was ₹1,33,895 crore, lower by ₹3,111 crore over the fortnight. Non-food credit was ₹2,14,13,222 crore, up ₹34,825 crore over the fortnight.
The RBI noted that the scheduled commercial bank data include the impact of the merger of a non-bank with a bank from July 1, 2023. It also noted that, under the Banking Laws (Amendment) Act, 2025, the definition of a fortnight was revised from alternate Fridays to the 15th and last calendar day of a month from December 15, 2025.
Money stock and credit sources
Broad money, or M3, stood at ₹3,12,20,737 crore as on June 15, 2026. It declined by ₹1,41,312 crore, or 0.5%, over the fortnight. For the financial year so far, it was lower by ₹2,32,388 crore, or 0.7%. On a year-on-year basis, M3 was higher by ₹33,24,163 crore, or 11.9%.
Currency with the public was ₹42,29,342 crore, up ₹12,161 crore over the fortnight. Demand deposits with banks were ₹33,56,328 crore, down ₹1,07,138 crore. Time deposits with banks were ₹2,35,15,220 crore, down ₹38,914 crore over the fortnight.
Among the sources of money stock, net bank credit to government stood at ₹93,42,692 crore, up ₹43,323 crore over the fortnight. Bank credit to the commercial sector was ₹2,23,93,423 crore, higher by ₹28,281 crore over the fortnight.
Liquidity operations
The liquidity operations section covered June 22 to June 28, 2026. The RBI reported net absorption on most days in this period. On June 28, net absorption was ₹1,22,676 crore, with ₹551 crore under the Marginal Standing Facility and ₹1,23,227 crore under the Standing Deposit Facility.
June 23 was the only day in the listed period with net injection, at ₹4,089 crore. The same day showed ₹1,41,171 crore under variable rate repo and ₹1,38,150 crore under the Standing Deposit Facility.
The press release was issued as RBI Press Release 2026-2027/603 and carried the name of Ajit Prasad, Deputy General Manager, Communications.
Source: Reserve Bank of India Press Releases.