Current Affairs - Economy - Discussion

India’s total forex reserves reached a historic high of $725.727 Billion for the week ended February 13. This significant milestone reflects strong macroeconomic stability and effective currency management by the Reserve Bank of India. The surge was primarily driven by an increase in Foreign Currency Assets (FCA), which stood at $573.603 billion, and a substantial rise in gold reserves, which reached $128.466 billion. Additionally, Special Drawing Rights (SDRs) contributed to the overall reserves. The record level enhances India’s external sector strength, supports currency stability, and provides a strong buffer against global economic volatility and financial uncertainties.