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India's forex reserves hit record high of $785.71 billion
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As of the week ending September 4, India's foreign exchange reserves reached a record high of $785.71 billion, according to data reported by tradealpha. This milestone marks the highest level ever for the country's forex reserves, reflecting a period of strong capital inflows and central bank interventions. The previous record was set in late July 2024 at $782.5 billion. The increase is attributed to robust foreign portfolio investments, a stable rupee, and a favorable balance of payments position. The Reserve Bank of India (RBI) has been actively managing the reserves to cushion against external shocks and maintain currency stability. The data underscores India's improving external sector resilience amid global economic uncertainties.
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