India's Foreign Exchange Reserves Hit Record $785.71 Billion

India's foreign exchange reserves surged by a record $44.9 billion on a weekly basis, reaching $785.71 billion. This marks the largest weekly increase ever recorded in the country's reserves. The strong rise in reserves is attributed to the Reserve Bank of India's (RBI) interventions in the foreign exchange market and positive capital inflows. The increase further strengthens the country's external financing buffer. Economists note that reserves at this level enhance India's resilience to external shocks and ease pressure on the currency. The record increase serves as insurance against fluctuations in global markets. The trajectory of reserves in the coming period is expected to be shaped by global interest rates and trade flows. India's foreign exchange reserves are also closely watched by international investors as a key indicator. Not investment advice.