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Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally
Financial Express Ahmedabad
|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.
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