India FX Reserves Jump Record $44.9B in One Week to $785.71B

A single-week record build of this size is unusual enough that the composition matters more than the headline total: whether the gain reflects valuation effects on existing holdings or genuine inflows changes what it signals about external positioning. For rupee assets and the broader emerging-market complex, the buffer strengthens the case for currency stability, though the sustainability of a one-week jump is the open question. Watch whether subsequent data show the increase persisting or largely reversing.