RBI MPC 2026: India's forex reserves stand at $723.8 billion as on January end, Guv Malhotra says

India's foreign exchange reserves reached $723.8 billion by January 30, 2026, a significant increase supported by RBI's forex swaps and rising gold holdings. This robust reserve position provides ample cover for imports and external debt, bolstering the Indian Rupee's stability despite corporate dollar demands.