India's foreign exchange reserves saw an increase of $938 million, totaling $682.321 billion for the week ending May 29, according to the Reserve Bank of India (RBI). This rise follows a significant drop of $7.511 billion the previous week. The increase was primarily driven by a $3.116 billion rise in foreign currency assets, which now stand at $546.148 billion. However, gold reserves decreased by $2.186 billion, bringing their value down to $112.6 billion. RBI Governor Sanjay Malhotra reassured that India's reserves are adequate to withstand external shocks, covering approximately 11 months of imports and 89.1% of external debt. He also highlighted various policy measures aimed at enhancing the balance of payments, including upcoming trade agreements and liberalization of foreign direct investment. Despite these positive indicators, Malhotra warned that rising energy prices and global trade uncertainties could pressure the current account balance in FY27, although strong services exports and remittances are expected to provide support.