India has one of the world’s largest foreign exchange reserve  stockpiles as of January 2026, with an average of around $723.8 billion . This level of adequacy placed India in a relatively secure position compared to other emerging markets. Despite such large reserves, due to their utilisation, reserve levels were still relatively robust in mid-March 2026, about $709.76 billion , despite the extent of intervention by the RBI itself. Illustration by The Geostrata Here, the RB

India has been on the path of constant and sustainable economic growth for the past decade and is currently the 5th largest economy....