India's Forex Reserves Soar to Record USD 709.413 Billion
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News18•30-01-2026, 17:30
India's Forex Reserves Soar to Record USD 709.413 Billion
- •India's forex reserves surged by USD 8.053 billion, reaching an unprecedented USD 709.413 billion by January 23.
- •This marks a new all-time high, surpassing the previous record of USD 704.89 billion set in September 2024.
- •Foreign currency assets, a key component, increased by USD 2.367 billion to USD 562.885 billion.
- •The value of gold reserves saw a significant jump of USD 5.635 billion, reaching USD 123.088 billion.
- •Special Drawing Rights (SDRs) and India's reserve position with the IMF also registered increases.
Why It Matters: India's forex reserves hit a new all-time high, strengthening the economy's financial buffer.
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