$687B Milestone: India’s Forex Reserves Rise by $392 Million

Marking a significant achievement, India’s foreign exchange reserves reached $687 billion after a $392 million increase, the RBI revealed. This steady climb bolsters economic confidence and underscores effective reserve management practices. Key elements include stable foreign currency assets, bolstered by appreciating gold holdings and minor SDR adjustments. The diversified basket shields against single-asset vulnerabilities. Amid global uncertainties, India’s reserves offer a safety net. They now comfortably exceed 11 months of import cover, enabling flexible policy responses to external shocks.