India’s Forex Reserves Rise $4.5 Billion to Reach Record $702.28 Billion

India’s foreign-exchange reserves climbed by $4.5 billion to reach $702.28 billion as of October 18, driven by robust capital inflows and steady foreign investment in debt instruments. The RBI attributed the rise to improved balance-of-payments data and currency stability amid global volatility. Economists view this as a strong buffer for managing external shocks and sustaining investor confidence during trade-policy transitions.