The Reserve Bank of India released its latest set of banking, reserves, money stock and liquidity data on July 31, 2026. The release covered foreign exchange reserves as of July 24, scheduled commercial bank business as of July 15, money stock data as of July 15, and daily liquidity operations for July 20 to July 26.
The figures are provisional, and the RBI noted that differences, if any, may be due to rounding off.
Foreign exchange reserves
India’s total foreign exchange reserves stood at ₹6,587,915 crore, or US$682,354 million, as on July 24, 2026. The reserves rose by ₹76,752 crore over the week. In dollar terms, the weekly increase was US$6,118 million.
Compared with end-March 2026, total reserves were higher by ₹34,054 crore, though lower by US$8,753 million. On a year-on-year basis, total reserves were higher by ₹547,035 crore, while the dollar value was lower by US$15,838 million.
Foreign currency assets were the largest component at ₹5,367,324 crore, or US$555,929 million. They increased by ₹61,494 crore over the week and by US$4,873 million in dollar terms. Gold reserves stood at ₹994,988 crore, or US$103,058 million, after a weekly increase of ₹15,299 crore and US$1,308 million.
Special Drawing Rights were placed at ₹179,746 crore, or US$18,617 million. The reserve position in the International Monetary Fund stood at ₹45,857 crore, or US$4,750 million.
Scheduled commercial banks
For scheduled commercial banks, aggregate deposits were ₹26,284,574 crore as on July 15, 2026. The RBI data showed a fortnightly decline of ₹259,710 crore. The growth line in the release showed a fall of 1.0 per cent over the fortnight and a year-on-year rise of 12.7 per cent for 2026.
Demand deposits stood at ₹3,191,601 crore after falling by ₹347,705 crore over the fortnight. Time deposits were ₹23,092,973 crore, up by ₹87,995 crore over the same period.
Bank credit stood at ₹21,733,383 crore on July 15. It declined by ₹197,015 crore over the fortnight. The growth line showed a 0.9 per cent fall over the fortnight and a 17.7 per cent year-on-year rise for 2026.
Food credit was ₹120,730 crore, while non-food credit stood at ₹21,612,652 crore. Non-food credit declined by ₹185,697 crore over the fortnight, according to the release.
Money stock and its components
Broad money, or M3, stood at ₹31,646,426 crore on July 15, 2026, compared with ₹31,453,126 crore on March 31. The release showed a fortnightly decline of ₹246,894 crore, or 0.8 per cent, with the comparison made against June 30, 2026. On a year-on-year basis for 2026, M3 rose by ₹3,505,170 crore, or 12.5 per cent.
Currency with the public was ₹4,212,008 crore. It increased by ₹12,343 crore over the fortnight and by ₹482,992 crore year-on-year for 2026. Demand deposits with banks were ₹3,344,685 crore, down by ₹349,425 crore over the fortnight. Time deposits with banks stood at ₹23,968,560 crore, up by ₹91,080 crore over the fortnight.
Under sources of money stock, net bank credit to government stood at ₹9,345,605 crore on July 15. Bank credit to the commercial sector was ₹22,583,517 crore.
RBI loans and liquidity operations
In the RBI’s loans and advances data, loans to the central government were shown as zero. Loans to state governments stood at ₹24,197 crore as on July 24, up from ₹20,629 crore on July 17. The year-earlier figure, for July 25, 2025, was ₹24,026 crore.
The liquidity operations data showed net absorption on each day from July 20 to July 26. Net absorption was ₹80,380 crore on July 20, ₹92,689 crore on July 21 and ₹122,135 crore on July 22. It rose to ₹183,572 crore on July 23, before standing at ₹179,338 crore on July 24, ₹174,733 crore on July 25 and ₹175,382 crore on July 26.
The release identified SDF as Standing Deposit Facility and MSF as Marginal Standing Facility. It also noted that bank data include the impact of earlier mergers of a non-bank with a bank, and that the definition of fortnight was revised under the Banking Laws (Amendment) Act, 2025, with effect from December 15, 2025.
Source: Reserve Bank of India Press Releases.