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Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally
Financial Express Kolkata
|January 24, 2026
FOREIGN EXCHANGE RESERVES rose to $701.36 billion as of January 16, compared with $687.19 billion a week earlier, the Reserve Bank of India (RBI) said on Friday.
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Reserves rose to above $700 billion for the first time since October, jumping $14.17 billion compared to the previous week. A $10-billion FX swap was a key reason for the rise in reserves. The buy/sell swap involves the RBI buying dollars and injecting rupees in the first leg, which was settled on January 16.
This story is from the January 24, 2026 edition of Financial Express Kolkata.
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