[Record Weekly Surge Propels Forex Reserves Beyond $785.7 B Lifetime High]
India’s foreign‑exchange reserves jumped by a record $44.9 billion, bringing the total to a new lifetime high of $785.7 billion for the week ending September 4. This marks a reversal from a period when declining reserves—pressured by the broader Indian rupee and heightened regional tensions—had forced the RBI to intervene with dollar sales. Since the central bank introduced concessional forex‑swap programmes in June, the balances have continued to climb, delivering more than $136 billion in new inflows. In the latest statistical release, USD holdings rose $47.5 billion to $648.2 billion, constituting the bulk of the reserve surge. Gold reserves fell modestly by $2.6 billion, now standing at $113.8 billion, while special drawing right allocations dipped to $18.8 billion. Finally, India’s balance with the IMF edged upward by $2 million, reaching $4.92 billion at the close of the reporting week.