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RBI COFFER Forex reserves rise to all-time high of $709.4 bn
The Morning Standard
|January 31, 2026
DESPITE the heavy selling of dollars to prop up the weakening rupee, which touched an all-time of 92.02 on Friday, the forex reserves surged by $8.053 billion to reach an all-time high of $709.413 billion for the week to January 23, primarily because of surge in the valuation of gold reserves of over 810 tonne, the Reserve Bank said.
Value of gold reserves jumped by $5.635 billion to $123.088 billion during the week. In the previous reporting week, forex kitty had jumped by $14.167 billion to $701.36 billion, boosted by the forex swap from $10 billion a week before. Gold has been rising s
This story is from the January 31, 2026 edition of The Morning Standard.
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