India's Forex Reserves Soar Past $696 Billion, Boosting Economic Stability

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News18•03-01-2026, 07:58
India's Forex Reserves Soar Past $696 Billion, Boosting Economic Stability
- •India's foreign exchange reserves reached $696.61 billion by December 26, 2025, marking a significant increase.
- •Reserves grew by $3.29 billion in the last week of December, following a $4.36 billion rise the previous week.
- •Foreign Currency Assets (FCA) increased by $184 million, while gold reserves surged by $2.95 billion.
- •The all-time high for reserves was $704.89 billion recorded in September 2024.
- •Strong forex reserves are crucial for economic strength, rupee stability, import payments, and investor confidence.
Why It Matters: India's forex reserves hit $696.61 billion, strengthening economic stability and international credibility.
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