What happened with Forex Reserves Hit Record $729 Billion on Strong FCNR(B) Inflows?

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Reached all-time high of $729 billion in August 2026 driven by foreign currency non-resident deposit surge. India’s foreign exchange reserves reached an all-time high of $729 billion in August 2026, driven significantly by foreign currency non-resident bank [FCNR(B)] deposit inflows. The Reserve Bank of Ind

29 August 2026 Current Affairs

Forex Reserves Hit Record $729 Billion on Strong FCNR(B) Inflows