India's Forex Reserves Surge $44.9 Billion to Record $785.7 Billion, Fourth Largest Globally

India's Forex Reserves Jump to Record $785.7 Billion on Inflows

India's Foreign Exchange Reserves Climb to Record High of $785.71 Billion

India's foreign exchange reserves hit an all-time high of $785.71 billion as of September 4, marking a sharp increase of $4.90 billion in a single week. The growth was driven primarily by a rise in foreign currency assets, which offset a marginal dip in gold reserves. This surge strengthens the Reserve Bank of India's (RBI) buffer against global volatility and currency fluctuations. The current reserve level represents a significant climb compar…

Forex reserves surge $44.9 bn in a week to record $785.7 bn: What drove the jump

India’s foreign exchange reserves hit a record $785.71 billion with a historic weekly surge of $44.90 billion, driven by foreign currency inflows and RBI’s concessional forex swap facilities.

India's forex reserves surge $44.9 billion to record $785.7 billion, fourth largest globally

India's foreign-exchange reserves surged to a record $785.706 billion. This surge was driven by a dedicated dollar-mobilisation programme and strong inflows. Foreign currency assets increased significantly, while gold reserves saw a contraction. The central bank's intervention supported the local currency and curbed volatility. These substantial inflows have stabilized the foreign exchange market and improved sentiment.

India’s forex reserves jump $44.90 billion to record $785.71 billion

Digital Desk | Mumbai, Sep 11 (IANS) India’s foreign exchange reserves surged by $44.90 billion to a record $785.71 billion in the week ended September 4, according to data released by the Reserve Bank of India (RBI) on Friday. The sharp rise follows an increase of $11.47 billion in the previous week, taking the reserves to $740.80 billion as of August 28. Foreign currency assets (FCA), the largest component of India’s forex reserves, drove t…