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<h1>India's forex reserves drop by $1.183B to $695.489B, with currency assets and SDRs declining, gold rising</h1> India's foreign exchange reserves decreased by USD 1.183 billion to USD 695.489 billion for the week ending July 18, following a previous decline of USD 3.064 billion. Foreign currency assets fell by USD 1.201 billion to USD 587.609 billion, reflecting changes in the value of currencies such as the euro, pound, and yen. Gold reserves increased by USD 150 million to USD 84.499 billion. Special Drawing Rights dropped by USD 119 million to USD 18.683 billion, and the reserve position with the International Monetary Fund decreased by USD 13 million to USD 4.698 billion. The overall reserves remain below the record high of USD 704.885 billion reached in September 2024.