Record $44.9bn jump takes India’s forex reserves to lifetime high of $785.71bn

 India’s forex reserves had been under pressure since the West Asia conflict began earlier this year. The rupee came under sustained pressure during the period, prompting the RBI to intervene in the foreign exchange market through dollar sales. India’s forex reserves had been under pressure since the West Asia conflict began earlier this year. The rupee came under sustained pressure during the period, prompting the RBI to intervene in the foreign exchange market through dollar sales.