India's forex reserves hit record $729.33bn after eight straight weeks of gains

India's foreign exchange reserves climbed to an all-time high of $729.328 billion, marking eight consecutive weeks of growth. The surge was primarily driven by increases in foreign currency assets and gold holdings. Government measures aimed at attracting overseas dollar inflows contributed significantly to the record accumulation. The Reserve Bank of India also played a role through its interventions in managing these capital inflows.