India’s forex reserves reach US$656 billion amid strong inflows

India’s foreign-exchange reserves rose by US$3.8 billion to US$656.2 billion in the week ending 1 November 2025, according to official data. The increase brings reserves close to their all-time high, providing a strong external buffer for the economy. The rise was driven by foreign currency assets and gold valuations, while the rupee remained relatively stable. Analysts said the strong reserve position bolsters macro-confidence but cautioned that external risks remain from oil price spikes and global financial turbulence. The data underlines India’s strengthening external-sector resilience in a volatile global environment.