India's foreign exchange reserves rise to $682.35 billion, with gold assets as the main driving force

(1) According to data from the Reserve Bank of India, as of the week ending July 24, India's foreign exchange reserves rose to approximately 682.35 billion USD, up from 676.24 billion USD the previous week, an increase of about 6.1 billion USD in a single week. (2) Breaking it down, foreign currency assets increased from 551.06 billion USD to 555.93 billion USD, and gold reserves rose from 101.75 billion USD to 103.06 billion USD, which was the main source of the reserve growth. Special Drawing Rights and IMF reserve positions saw a slight decline. (3) Changes in foreign exchange reserves are jointly affected by central bank intervention operations and the revaluation of non-USD assets held, with the reserve balance remaining at a historically high range, providing a buffer for external account stability.