Forex reserves jump by $2.7 billion to reach $698.19 billion
India's foreign exchange reserves jumped by $2.7 billion to reach $698.19 billion for the week ending July 25, bouncing back after a dip the week before.
This kind of fluctuation shows how actively the Reserve Bank of India (RBI) is managing things.
How RBI maintains rupee's stability
To keep the rupee from taking wild swings, RBI steps in and sells dollars when needed—not to fix a specific rate, but just to keep things calm.
It's all about making sure currency markets don't get too chaotic.
Why forex reserves are crucial for India
Forex reserves aren't just numbers—they're India's financial safety net. They include foreign cash, gold, and special assets with global institutions.
When global prices or economies get shaky, these reserves help RBI support the rupee and make sure India can pay for imports smoothly.
In short: strong reserves mean more stability and confidence in India's economy.