India’s Forex Reserves Soar Past $700 Billion: Key Factors Behind the Surge
Historic Milestone: Forex Reserves Reach $704.89 Billion India’s foreign exchange reserves have surpassed $700 billion for the first time, reaching $704.89 billion for the week ending September 27. This increase of $12.59 billion marks one of the largest weekly rises since mid-July 2023, as reported by the Reserve Bank of India (RBI). Components of the…