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flag India’s forex reserves hit a record $728.5 billion by Feb 27, 2026, driven by gold and currency gains, supporting rupee stability.

flag India’s foreign exchange reserves hit a record $728.49 billion by February 27, 2026, rising $4.885 billion from the prior week, driven by a $4.141 billion increase in gold reserves and a $561 million gain in foreign currency assets. flag The rise reflects strategic asset management amid global volatility, with gold now making up about 14% of reserves. flag Despite a widening current account deficit to $13.2 billion in the third quarter of FY26, strong services exports and remittances helped offset trade pressures. flag The reserves remain sufficient to cover over 11 months of imports, supporting the rupee’s stability.

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