India’s foreign exchange reserves recorded a sharp rise of more than $14 billion, reaching $701.360 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks one of the largest weekly increases in recent months, reflecting strong inflows and robust macroeconomic fundamentals.
The surge was driven by gains in foreign currency assets, gold reserves, and Special Drawing Rights (SDRs). Analysts noted that the increase strengthens India’s external position and provides a buffer against global financial volatility.
With reserves crossing the $700 billion mark, India now holds one of the largest forex stockpiles globally, enhancing its ability to manage currency fluctuations and support trade stability. The development comes amid resilient capital inflows and steady export performance.
Economists highlighted that the rising reserves will help India safeguard against external shocks, stabilize the rupee, and reinforce investor confidence in the country’s economic outlook.
