Forex Reserves Hit Record $729.33 Billion
India's foreign exchange reserves have reached a record $729.33 billion, according to the latest central bank data. The rise reflects strong capital inflows and an improvement in the country's external financial position.
The latest increase also provides India with a stronger buffer against external economic shocks and currency volatility. The development comes as global markets remain sensitive to interest-rate decisions, energy prices and geopolitical developments.
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