Analysts say strong capital inflows driven by Reserve Bank of India measures should push India’s foreign exchange reserves close to a record within weeks. RBI data show reserves rose $10.5bn in the week to July 31 to $692.9bn, the largest weekly gain since end‑January and close to the February peak of $728.5bn. Since early June RBI actions have attracted about $40.8bn via non‑resident Indian foreign‑currency deposits and overseas borrowings; reserves have climbed for five straight weeks. Rising

Analysts say strong capital inflows driven by Reserve Bank of India measures should push India’s foreign exchange reserves close to a record within weeks. RBI data show reserves rose $10.5bn in the week to July 31 to $692.9bn, the largest weekly gain since end‑January and close to the February peak of $728.5bn. Since early June RBI actions have attracted about $40.8bn via non‑resident Indian foreign‑currency deposits and overseas borrowings; reserves have climbed for five straight weeks. Rising reserves boost the RBI’s capacity to defend the rupee, which has recovered about 1.8% from its May low.