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India's foreign exchange reserves rose to a record $785.7bn in the week to Sept. 4, the RBI said on Friday, marking a tenth consecutive weekly increase and a near $120bn gain over that span; the latest weekly rise was about $45bn. Measures announced

2026-09-11

India's foreign exchange reserves rose to a record $785.7bn in the week to Sept. 4, the RBI said on Friday, marking a tenth consecutive weekly increase and a near $120bn gain over that span; the latest weekly rise was about $45bn. Measures announced in June — subsidised hedging for state firms' and banks' overseas borrowings and free hedging for banks raising foreign deposits — helped attract inflows: the RBI received $136.3bn under these programs between June 5 and Aug. 31, including about $127bn of non-resident Indian deposits. Bankers say frequent RBI intervention to support the rupee may have offset some of the dollar inflows.

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