India’s Foreign Exchange Reserves Reach Record High Above $729 Billion
India’s foreign exchange reserves have surged to an unprecedented $729.3 billion, bolstered by sustained foreign capital inflows and robust central bank management. The milestone reflects the country’s growing economic resilience and strengthened external financial position amid global market volatility.
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India’s Forex Reserves Hit Record High on Central Bank Measures
India’s foreign-exchange reserves climbed to a record high as dollar inflows surged after recent measures by the central bank to attract capital.
By Bhaskar Dutta
Read full article →India's forex reserves hit all-time high of $729.33bn after $12.42bn jump
India's foreign exchange reserves reached an all-time high of $729.328 billion. This surge marks eight consecutive weeks of significant increases in reserves. Foreign currency assets and gold holdings were the primary drivers of this substantial rise. Measures to attract overseas dollar inflows contributed to the record accumulation of reserves. The Reserve Bank of India's interventions also played a role in managing these inflows.
By YASHASVI VASISTHA
Read full article →India’s forex reserves hit record $729.3 billion on strong dollar inflows
India’s forex reserves hit record $729.3 billion on strong dollar inflows
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