RBI weekly data: FX reserves steady; bank deposits and credit show broad momentum

India’s latest high-frequency financial indicators point to steady underlying conditions, with the Reserve Bank of India (RBI) releasing key numbers in its Bulletin Weekly Statistical Supplement (extract). The data, which the RBI notes are provisional and may reflect rounding differences, provides a snapshot of external buffers, select central bank balance-sheet items, and scheduled commercial banks’ balance-sheet aggregates.

External buffer: foreign exchange reserves remain sizeable

As on **17 July 2026**, India’s **total foreign exchange reserves** stood at **₹65,11,163 crore (US$ 676,237 million)**. Over the week, total reserves recorded a **variation of ₹74,942 crore (US$ 1,080 million)**, as per the RBI statement.

Within the reserves basket:

• **Foreign Currency Assets (FCA)** were **₹53,05,830 crore (US$ 551,057 million)**, with a weekly variation of **₹96,005 crore (US$ 4,549 million)**.
• **Gold** was reported at **₹9,79,689 crore (US$ 101,749 million)**, with a weekly variation of **-₹23,458 crore (US$ -3,480 million)**.
• **Special Drawing Rights (SDRs)** stood at **₹1,79,764 crore (US$ 18,670 million)**, with a weekly variation of **₹2,201 crore (US$ 44 million)**.
• **Reserve Position in the IMF** was **₹45,881 crore (US$ 4,761 million)**, with a weekly variation of **₹194 crore (US$ -32 million)**.

The RBI also reiterates definitional notes around FCA, including exclusions such as SDR holdings (counted separately) and certain specific investments and swap-related items. For businesses and policymakers, these reserves remain a key part of India’s macroeconomic toolkit—helping provide confidence during periods of global volatility, while supporting orderly market conditions.

Banking aggregates: deposits and credit stay on a rising year-on-year track

On the domestic side, the supplement offers a consolidated view of **scheduled commercial banks’ business in India**. As on **15 July 2026**, **aggregate deposits** were reported at **₹2,62,84,574 crore**. The data shows a **fortnightly variation of -₹2,59,710 crore**. At the same time, the RBI’s table indicates **year-on-year growth of 12.7%** for deposits.

A closer look at deposit composition shows:

• **Demand deposits** at **₹31,91,601 crore**, with a fortnightly variation of **-₹3,47,705 crore**.
• **Time deposits** at **₹2,30,92,973 crore**, with a fortnightly variation of **₹87,995 crore**.

On the lending side, **bank credit** stood at **₹2,17,33,383 crore**, with a **fortnightly variation of -₹1,97,015 crore**. Credit is shown with a **year-on-year growth rate of 17.7%** in the RBI table.

These numbers suggest that, even with short-term fortnightly movements, the broader trend in both deposits and credit continues to expand on an annual basis—an important sign for consumption, investment, and working-capital needs across the economy.

RBI balance-sheet snippet: state government advances noted in the weekly table

The extract also includes select details from the RBI’s statement of **liabilities and assets (₹ crore)** under “Loans and Advances”. In the rows shown, **Central Government** figures are listed as **0** for the relevant dates in the table.

For **State Governments**, the table shows values of **₹26,294 crore (18 July 2025)**, **₹20,078 crore (10 July 2026)** and **₹20,629 crore (17 July 2026)**, with a **weekly variation of ₹550 crore** and a **year variation of -₹5,666 crore**.

As always with high-frequency statistical releases, these entries are best read as part of a wider set of fiscal and liquidity indicators, rather than as standalone signals.

**Why it matters:** With reserves remaining sizeable and bank deposits and credit showing solid year-on-year growth, the latest RBI weekly data offers a constructive snapshot of financial system capacity—supporting confidence for trade, investment planning, and everyday credit needs across India.