{"id":17685,"date":"2026-06-29T05:49:00","date_gmt":"2026-06-29T12:19:00","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=17685"},"modified":"2026-06-29T05:49:28","modified_gmt":"2026-06-29T12:19:28","slug":"india-forex-reserves","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/india-forex-reserves\/","title":{"rendered":"India Forex Reserves Rise to USD 672.6 Billion: What the Latest CareEdge Report Reveals"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/india-forex-reserves\/#Indias_Forex_Reserves_Rise_as_Bank_Credit_and_Deposits_Stay_Strong\" >India&#8217;s Forex Reserves Rise as Bank Credit and Deposits Stay Strong<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/india-forex-reserves\/#Government_Eases_Quality_Control_Rules\" >Government Eases Quality Control Rules<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/india-forex-reserves\/#Global_Economic_Updates\" >Global Economic Updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/india-forex-reserves\/#Global_Markets_and_Commodity_Prices\" >Global Markets and Commodity Prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/india-forex-reserves\/#Outlook_for_Indian_Markets\" >Outlook for Indian Markets<\/a><\/li><\/ul><\/nav><\/div>\n<nav style=\"--separator: &quot;\/&quot;\" class=\"wp-block-breadcrumbs\" aria-label=\"Breadcrumbs\"><ol><li><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/li><li><span aria-current=\"page\">India Forex Reserves Rise to USD 672.6 Billion: What the Latest CareEdge Report Reveals<\/span><\/li><\/ol><\/nav>\n\n\n<meta charset=\"UTF-8\">\n<meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n\n<link href=\"https:\/\/fonts.googleapis.com\/css2?family=Bricolage+Grotesque:opsz,wght@12..96,400;12..96,600;12..96,700;12..96,800&amp;family=Figtree:ital,wght@0,300;0,400;0,500;0,600;1,400&amp;display=swap\" rel=\"stylesheet\">\n<style>\n  :root {\n    --forest:   #082F25;\n    --copper:   #EFA145;\n    --mint:     #6CE890;\n    --fresh:    #EEFFF2;\n    --bg:       #FAFAF8;\n    --surface:  #FFFFFF;\n    --text:     #1C2B24;\n    --muted:    #5A6B62;\n    --border:   #E2EDE6;\n    --amber-bg: #FEF7EC;\n    --red:      #C0392B;\n    --green:    #1A6B40;\n  }\n  * { box-sizing: border-box; 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border-radius: 8px; border: 1px solid #E4E4DC; margin: 16px 0; }\n\n  @media (max-width: 640px) {\n    table { font-size: 13px; }\n  }\n<\/style>\n\n\n\n<div class=\"blog-wrap\">\n\n\n\n  <div class=\"prose\">\n\n    <p>India&#8217;s forex reserves rose by <strong>USD 960 million<\/strong> during the previous week, while bank credit and deposits continued to record healthy growth, according to the latest CareEdge Moneycast report.<\/p>\n    <p>The report also highlighted policy changes, global economic indicators, commodity price movements, and the outlook for Indian equity markets.<\/p>\n\n    <h2><span class=\"ez-toc-section\" id=\"Indias_Forex_Reserves_Rise_as_Bank_Credit_and_Deposits_Stay_Strong\"><\/span>India&#8217;s Forex Reserves Rise as Bank Credit and Deposits Stay Strong<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>India&#8217;s foreign exchange reserves reached <strong>USD 672.6 billion<\/strong> after increasing by USD 960 million during the previous week.<\/p>\n\n    <div class=\"definition-box\">\n      <div class=\"def-label\">What Are Forex Reserves?<\/div>\n      <p>RBI forex reserves are assets held by the Reserve Bank of India (RBI), including foreign currencies, gold, and other reserve assets. These reserves help the country manage imports, repay external debt, support the value of the rupee, and deal with global financial uncertainties.<\/p>\n    <\/div>\n\n    <div class=\"example\">\n      <div class=\"example-label\">Domestic Economic Indicators<\/div>\n      <div class=\"example-row highlight\"><span class=\"label\">Forex Reserves<\/span><span class=\"value\">USD 672.6 bn<\/span><\/div>\n      <div class=\"example-row\"><span class=\"label\">Weekly increase in forex reserves<\/span><span class=\"value\">USD 960 mn<\/span><\/div>\n      <div class=\"example-row\"><span class=\"label\">Bank credit growth (YoY) \u2014 fortnight ended June 15<\/span><span class=\"value\">17.7% \u2192 \u20b9215.5 tn<\/span><\/div>\n      <div class=\"example-row\"><span class=\"label\">Bank deposit growth (YoY) \u2014 fortnight ended June 15<\/span><span class=\"value\">12% \u2192 \u20b9258.4 tn<\/span><\/div>\n    <\/div>\n\n    <p>Higher deposits increase the funds available with banks for lending across the economy.<\/p>\n\n    <h2><span class=\"ez-toc-section\" id=\"Government_Eases_Quality_Control_Rules\"><\/span>Government Eases Quality Control Rules<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>On the policy front, the Union Government has eased some of the strictest provisions under the Quality Control Orders (QCOs) across different sectors.<\/p>\n    <p>Manufacturers will now be allowed to follow an alternative route to achieve full compliance over a <strong>five-year period<\/strong>, giving them additional time to meet quality standards under the revised compliance framework.<\/p>\n\n    <h2><span class=\"ez-toc-section\" id=\"Global_Economic_Updates\"><\/span>Global Economic Updates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>The report also highlighted several developments from major economies.<\/p>\n    <ul>\n      <li>In the <strong>United States<\/strong>, the University of Michigan Consumer Sentiment Index was revised upward to 49.5 in June, compared with the preliminary estimate of 48.9 and 44.8 recorded in May. Despite the improvement, consumer confidence remained at historically weak levels.<\/li>\n      <li><strong>China&#8217;s<\/strong> industrial profits increased 18.8% year on year to CNY 3.1 trillion during January to May 2026, compared with 18.2% growth during the first four months of the year.<\/li>\n      <li><strong>Japan&#8217;s<\/strong> retail sales rose 5.3% year on year in May 2026, beating market expectations of 3.2% and marking the strongest expansion since November 2023.<\/li>\n    <\/ul>\n\n    <h2><span class=\"ez-toc-section\" id=\"Global_Markets_and_Commodity_Prices\"><\/span>Global Markets and Commodity Prices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>Global markets mostly ended lower on June 26.<\/p>\n\n    <div class=\"table-wrap\">\n      <table>\n        <thead>\n          <tr>\n            <th>Index<\/th>\n            <th>Movement<\/th>\n          <\/tr>\n        <\/thead>\n        <tbody>\n          <tr><td>Dow Jones<\/td><td>\u22120.09%<\/td><\/tr>\n          <tr><td>Nasdaq<\/td><td>\u22120.24%<\/td><\/tr>\n          <tr><td>S&amp;P 500<\/td><td>\u22120.05%<\/td><\/tr>\n          <tr><td>FTSE 100<\/td><td>\u22120.21%<\/td><\/tr>\n          <tr><td>Japan&#8217;s Nikkei<\/td><td>\u22124.15%<\/td><\/tr>\n        <\/tbody>\n      <\/table>\n    <\/div>\n\n    <p>Commodity prices were mixed.<\/p>\n\n    <div class=\"table-wrap\">\n      <table>\n        <thead>\n          <tr>\n            <th>Commodity<\/th>\n            <th>Movement<\/th>\n            <th>Price<\/th>\n          <\/tr>\n        <\/thead>\n        <tbody>\n          <tr><td>Gold<\/td><td>+1.55%<\/td><td>USD 4,088 per ounce<\/td><\/tr>\n          <tr><td>WTI Crude Oil<\/td><td>\u22123.74%<\/td><td>USD 69.23 per barrel<\/td><\/tr>\n          <tr><td>Brent Crude<\/td><td>\u22124.34%<\/td><td>USD 71.99 per barrel<\/td><\/tr>\n        <\/tbody>\n      <\/table>\n    <\/div>\n\n    <h2><span class=\"ez-toc-section\" id=\"Outlook_for_Indian_Markets\"><\/span>Outlook for Indian Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n    <p>According to the latest CareEdge Ratings Moneycast report, domestic equity markets are expected to remain <strong>range-bound<\/strong> amid mixed global cues.<\/p>\n    <p>During early trading on Monday, the Sensex hovered around <strong>77,100<\/strong>, while the Nifty traded near <strong>24,050<\/strong>.<\/p>\n    <p>Overall, the latest CareEdge Moneycast report points to steady domestic economic indicators, while mixed global developments may continue to influence market sentiment in the coming weeks.<\/p>\n\n    <div class=\"source-tag\">\n      <svg width=\"13\" height=\"13\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M10 13a5 5 0 0 0 7.54.54l3-3a5 5 0 0 0-7.07-7.07l-1.72 1.71\"><\/path><path d=\"M14 11a5 5 0 0 0-7.54-.54l-3 3a5 5 0 0 0 7.07 7.07l1.71-1.71\"><\/path><\/svg>\n      <span>Source: <strong>https:\/\/www.moneycontrol.com<\/strong><\/span>\n    <\/div>\n\n    <div class=\"disclaimer\">\n      <strong>Disclaimer:<\/strong> This content is for education and awareness purposes only and should not be considered investment advice or a recommendation. Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.\n    <\/div>\n\n  <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s forex reserves rose by USD 960 million during the previous week, while bank credit and deposits continued to record healthy growth, according to the latest CareEdge Moneycast report. The report also highlighted policy changes, global economic indicators, commodity price movements, and the outlook for Indian equity markets. India&#8217;s Forex Reserves Rise as Bank Credit &hellip; <a href=\"https:\/\/shoonya.com\/blog\/india-forex-reserves\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;India Forex Reserves Rise to USD 672.6 Billion: What the Latest CareEdge Report Reveals&#8221;<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":17686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[10164,10163,6001,10165,10162,10166],"class_list":["post-17685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-bank-credit-growth-india","tag-forex-reserves-meaning","tag-india-forex-reserves","tag-indias-foreign-exchange","tag-rbi-forex-reserves","tag-wti-crude-oil"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India&#039;s Forex Reserves Rise; 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