The Reserve Bank of India’s latest press release, issued on July 10, 2026, placed India’s foreign exchange reserves at ₹64,20,602 crore, or US$674,193 million, as on July 3, 2026. The figure was higher by ₹1,26,095 crore over the previous week. In dollar terms, reserves rose by US$7,260 million during the week.
The data, released as Press Release 2026-2027/644, also covered scheduled commercial bank business, money stock, RBI loans and advances, and daily liquidity operations for the period ending in early July. The RBI noted that the figures are provisional and that differences, if any, may be due to rounding off.
Foreign exchange reserves
Foreign currency assets, the largest part of the reserves, stood at ₹51,95,747 crore, or US$545,578 million, as on July 3. They increased by ₹89,198 crore during the week. In dollar terms, the weekly rise was US$4,510 million.
The value of gold reserves was ₹10,01,911 crore, or US$105,205 million. Gold holdings rose by ₹34,180 crore over the week, equal to an increase of US$2,669 million. Special Drawing Rights were placed at ₹1,77,354 crore, or US$18,623 million, up by ₹2,209 crore for the week. India’s reserve position in the IMF was ₹45,589 crore, or US$4,787 million, higher by ₹508 crore over the week.
Compared with end-March 2026, total reserves were lower by ₹1,33,259 crore and by US$16,915 million. On a year-on-year basis, total reserves were higher by ₹4,45,336 crore, though lower by US$25,543 million in dollar terms.
Bank deposits and credit
Scheduled commercial banks’ business in India showed aggregate deposits of ₹2,65,38,493 crore as on June 30, 2026. The RBI table gave the year-on-year growth figure for aggregate deposits at 13.3 per cent for 2026, compared with 10.1 per cent shown for 2025.
Within deposits, demand deposits were ₹35,35,579 crore and time deposits were ₹2,30,02,915 crore. Borrowings of scheduled commercial banks were listed at ₹8,40,443 crore, while other demand and time liabilities stood at ₹11,86,944 crore.
Bank credit was ₹2,19,28,365 crore as on June 30, 2026. The growth figure for bank credit was 18.6 per cent for 2026, against 9.5 per cent for 2025 in the RBI table. Food credit was ₹1,32,049 crore, while non-food credit was ₹2,17,96,315 crore.
The RBI added two notes to the banking data. It said the numbers include the impact of a non-bank’s merger 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 the last calendar day of a month, effective December 15, 2025.
Money stock and its components
Money stock, or M3, was ₹3,18,87,695 crore as on June 30, 2026, compared with ₹3,14,53,126 crore on March 31, 2026. The RBI reported a fortnightly increase of ₹6,66,958 crore, or 2.1 per cent, with respect to June 15, 2026. The year-on-year increase for 2026 was ₹36,57,240 crore, or 13.0 per cent.
Currency with the public stood at ₹41,99,830 crore. Demand deposits with banks were ₹36,90,383 crore, while time deposits with banks were ₹2,38,75,417 crore. “Other” deposits with the Reserve Bank were ₹1,22,065 crore.
On the sources side, net bank credit to government was ₹93,36,814 crore as on June 30. Bank credit to the commercial sector was ₹2,27,84,978 crore. The RBI table showed year-on-year growth of 9.6 per cent in net bank credit to government and 18.2 per cent in bank credit to the commercial sector for 2026.
RBI advances and liquidity operations
In the RBI’s liabilities and assets data, loans and advances to the central government were shown as zero for July 4, 2025, June 26, 2026, and July 3, 2026. Loans and advances to state governments were ₹40,761 crore as on July 3, 2026, up by ₹31,971 crore over the week and by ₹9,805 crore over the year.
The liquidity operations table showed net absorption on each day from June 29 to July 5, 2026. Net absorption was ₹1,38,839 crore on June 29, ₹1,98,985 crore on June 30, ₹97,855 crore on July 1, ₹1,40,526 crore on July 2, ₹1,79,265 crore on July 3, ₹1,79,583 crore on July 4 and ₹1,89,279 crore on July 5.
The Standing Deposit Facility accounted for large daily amounts in the table, ranging from ₹1,27,600 crore on July 1 to ₹2,76,671 crore on June 30. Variable rate repo amounts were reported on June 29, June 30 and July 1, and were not shown for July 2 to July 5.
The release was issued by Ajit Prasad, Deputy General Manager in the RBI’s Communications Department.
Source: Reserve Bank of India Press Releases.