India's Forex Reserves Surge $14 Billion, What a Comeback!

India's forex reserves just skyrocketed by $14 billion in the week ending January 16, hitting a high not seen since March 2025! The Reserve Bank of India is flexing with a total of $701 billion. But the rupee? It’s floundering like a burnt soufflé! Get it together, India! This is a kitchen nightmare waiting to happen!

Quick rundown

1.India's forex reserves saw a $14 billion boost in one week.

2.Foreign currency assets climbed by $9.6 billion.

3.Gold reserves increased by $4.6 billion, aiding the reserve rise.

4.A $10 billion buy-sell swap and gold price rise drove the increase.

5.Forex reserves provide over 11 months of import cover for India.

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