India's Forex Reserves Hit $785.7 Billion, Making It 4th Largest Globally

India has climbed to become the world's fourth largest holder of foreign exchange reserves, with total reserves reaching $785.7 billion. The latest weekly data shows a sharp rise in the overall reserve figure. The primary driver behind this increase was a surge in foreign currency assets, which form the biggest component of India's total reserves. This milestone reflects a significant strengthening of India's external financial position. The rise in reserves is seen as an indicator of improved economic resilience and greater capacity to manage external shocks.