India's Forex Reserves Hit Record High of $701 Billion

As of January 16, 2026, India's foreign exchange reserves have reached an impressive $701.36 billion, marking a substantial increase of $14.17 billion in just one week. This growth was largely fueled by a significant rise in foreign currency assets (FCAs), which saw an addition of $9.65 billion.

Gold reserves also played a crucial role in this upward trend, increasing by $4.62 billion to reach $117.45 billion. While Special Drawing Rights saw a minor dip, the overall reserves position remains exceptionally strong. The Reserve Bank of India continues its vigilant oversight of the foreign exchange market, intervening as needed to ensure orderly conditions and manage currency volatility.