India’s Forex Reserves Surge to $687 Billion with $392M Gain

India’s foreign exchange reserves have hit a new milestone, climbing by $392 million to reach an impressive $687 billion in the latest reporting week. This upward trajectory signals continued strength in the country’s external financial position, providing a buffer against global economic volatilities. The Reserve Bank of India (RBI) disclosed the figures, highlighting a robust performance across key components. Foreign currency assets saw a marginal uptick, while gold reserves and SDR holdings contributed to the overall growth. This accumulation reflects prudent monetary management amid fluctuating global commodity prices and trade dynamics.