India's foreign exchange reserves rose to a record $126.923 billion on November 26 from $125.098 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Saturday. The central bank said foreign currency assets expressed in US dollar terms included the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, sterling and yen.
The rise in reserves come amid a surge of overseas portfolio investment into the booming stock market and the dollar's overseas weakness.