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India Hits $700 Billion in Forex Reserves – Just Shy of All-Time High! What’s Driving the Surge?

India’s forex reserves just crossed the $700 billion mark, inching close to the all-time high. This surge comes from smart RBI moves like dollar buying, reduced forward contracts, and record-breaking remittances. With rising gold valuations and geopolitical diversification, India’s economic cushion is thicker than ever—making it ready for global challenges. Here’s a simple yet detailed guide breaking down why it matters for everyday citizens, businesses, and investors alike.