Page 17 - Policy Economic Report - July 2025
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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Figure 10: India PMI Output Index
Source- S&P Global
India’s external position
India’s forex reserves
• India's forex reserves dipped by $1.18 billion to $695.49 billion for the week ending July 18,
according to the data released by Reserve Bank of India.
• For the week ended July 18, foreign currency assets, a major component of the reserves, slipped
by $1.201 billion to $587.609 billion.
• However, the gold reserves increased by $150 million to $84.499 billion during the week.
• The Special Drawing Rights (SDRs) were down by $119 million to $18.683 billion.
• India's reserve position with the IMF declined by $13 million to $4.698 billion in the reporting
week.
India’s foreign trade position
• India’s total exports (Merchandise and Services combined) for June 2025 are estimated at USD
67.98 Billion, registering a growth of 6.50 percent vis-à-vis June 2024.
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