India’s Forex Reserves Hit Record $709.41 Billion

The Reserve Bank of India (RBI) has reported that India’s forex reserves surged to an all-time high of $709.41 billion for the week ending January 23, marking a significant rise from $701.36 billion in the previous week. This milestone underscores India’s robust external sector and enhanced financial resilience.

Key Highlights:

• Record Reserves: $709.41 billion as of January 23, 2026.
• Weekly Increase: Up by $8.05 billion compared to the prior week.
• Drivers: Strong capital inflows, resilient exports, and effective RBI reserve management.
• Strategic Importance: Higher reserves bolster India’s ability to manage currency volatility and external shocks.
• Global Context: India now ranks among the top countries with the largest forex reserves.
• Outlook: Analysts expect reserves to remain strong, supported by steady FDI, portfolio inflows, and export growth.

This record level of reserves highlights India’s growing economic strength and provides a buffer against global uncertainties, reinforcing investor confidence in the country’s financial stability.

Sources: Reserve Bank of India (RBI), Reuters, Business Standard.