India’s foreign exchange reserves have reached a new high of $648.56 billion, marking the seventh consecutive week of growth. The surge, adding close to $3 billion, is attributed mainly to the record-breaking performance of gold. The Reserve Bank of India (RBI) has been bolstering gold reserves, acquiring 2 tonnes in 2024 alone. The latest data from the RBI reveals a notable increase in foreign currency assets, reaching $571.17 billion, and gold reserves growing to $54.56 billion. This continuous rise underscores India’s robust position in terms of forex reserves, bolstered by strategic asset acquisitions.