India's Forex Reserves Hit All-Time High of $785.71 Billion After $44.9bn Surge
India's foreign exchange reserves have reached a record high of $785.71 billion, following a jump of $44.9 billion. The reserves had previously faced sustained pressure since the onset of the West Asia conflict earlier this year. During this period, the Indian rupee also came under significant strain in currency markets. In response, the Reserve Bank of India intervened by selling dollars to stabilize the rupee. The latest surge marks a strong recovery, pushing reserves to their highest level ever.
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