India's Forex Reserves Hit Record $723.8 Billion, Driven by Gold Surge

• India's foreign exchange reserves reached a new all-time high of USD 723.774 billion in the week ended January 30.
• The reserves saw a sharp increase of USD 14.361 billion, primarily driven by a significant jump in gold reserves.
• Gold reserves rose by USD 14.595 billion to USD 137.683 billion, while foreign currency assets slightly dropped by USD 493 million to USD 562.392 billion.
• The RBI stated that current forex reserves are sufficient to cover over 11 months of merchandise imports, ensuring external sector resilience.
• Forex kitty increased by approximately USD 56 billion in 2025, following a USD 20 billion rise in 2024 and a USD 58 billion addition in 2023.