India’s Forex Reserves Hit Record $729 Billion on Strong Foreign-Currency Inflows

India’s foreign-exchange reserves rose by $12.42 billion to a record $729.33 billion in the week ended 21 August 2026, completing an eight-week rise of roughly $63 billion. This sharp increase chiefly reflects an exceptional inflow episode, not merely an underlying trade-surplus improvement. Main drivers The RBI’s June measures to strengthen the balance of payments, especially...