India's foreign exchange reserves rose sharply to $2.7 billion in July
Current Context: India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion for the week ending July 25, 2025, as announced by the Reserve Bank of India (RBI) on August 1, 2025.
Here are the key points:
- India’s forex reserves rose by $2.703 billion to $698.192 billion (week ending July 25, 2025).
- Foreign Currency Assets (FCA): Up $1.316 billion to $588.926 billion.
- Gold Reserves: Increased by $1.206 billion to $85.704 billion.
- Special Drawing Rights (SDRs): Rose $126 million to $18.809 billion (held with IMF).
- Reserves now cover 11 months of imports and 96% of external debt.
Choice AMC Receives SEBI Approval to Start MF Business
Current Context: On August 1, 2025, Choice AMC Private, a subsidiary of Choice International, received final approval from SEBI to commence operations as an Asset Management Company (AMC) for Choice Mutual Fund.
Key Highlights:
- Focus: Launching with passive investment products like Index Funds and Exchange Traded Funds (ETFs).
- Objective: Build a stable, scalable, and professionally managed AMC under strong regulatory governance.
- Target Segments: Retail, emerging affluent, and institutional investors across India.
- Vision: Democratize access to modern financial tools like SIPs and goal-based investing.
This digest is not complete. Read the complete digest on the Financial Awareness Course.
