India’s forex reserves hit all-time high of $729.33bn after $12.42bn jump

India’s foreign exchange reserves reached an all-time high of $729.328 billion. This surge marks eight consecutive weeks of significant increases in reserves. Foreign currency assets and gold holdings were the primary drivers of this substantial rise. Measures to attract overseas dollar inflows contributed to the record accumulation of reserves. The Reserve Bank of India’s interventions also played a role in managing these inflows.