RBI data on Friday showed India’s foreign exchange reserves rose $12.4 bln in the week to Aug. 21 to a record $729.3 bln, above February’s $728.5 bln peak. The rise follows large dollar inflows after the Reserve Bank of India introduced capital-attraction measures in early June, including a special deposit scheme for non-resident Indians that had drawn $72.8 bln by Aug. 21; these inflows have helped avert an unprecedented third straight annual shortfall in India’s external liquidity metrics.

2026-08-28

RBI data on Friday showed India’s foreign exchange reserves rose $12.4 bln in the week to Aug. 21 to a record $729.3 bln, above February’s $728.5 bln peak. The rise follows large dollar inflows after the Reserve Bank of India introduced capital-attraction measures in early June, including a special deposit scheme for non-resident Indians that had drawn $72.8 bln by Aug. 21; these inflows have helped avert an unprecedented third straight annual shortfall in India’s external liquidity metrics.