India’s Forex Reserves Smash All-Time Record at $709.41 Billion: Gold Surge and RBI Swaps Fuel Rupee Shield Ahead of Budget 2026
India’s foreign exchange reserves have hit a staggering new peak of $709.413 billion for the week ending January 23, 2026, surging $8.053 billion and surpassing the prior high of $704.89 billion from September 2024, per RBI data released January 30. This milestone underscores economic resilience amid global volatility, bolstering the RBI’s firepower to stabilize the rupee and fund imports … Read more