Ahead of Budget set to be introduced on February 1, India's foreign exchange reserves increased to a record high of $709.41 billion as of January 23, compared with $701.36 billion a week earlier, as per the Reserve Bank of India released data on Friday. Ahead of Budget set to be introduced on February 1, India's foreign exchange reserves increased to a record high of $709.41 billion as of January 23, compared with $701.36 billion a week earlier, as per the Reserve Bank of India released data on Friday. According to the RBI data, the value of Foreign Currency Assets (FCA), the largest component of the reserves, increased by $2.367 billion to $562.885 billion, in the week ended January 23. The value of gold held in the reserves increased by $5.635 billion to $123.088 billion. Last week, the foreign exchange reserves had increased by $14.167 billion to reach $701.360 billion.

Source: dna January 30, 2026 15:14 UTC