India’s foreign reserves continue to march to record highs, touching $393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore (DBS). “Strong year-to-date foreign portfolio ($24 billion), net investment flows ($13 billion) and lower absorption due to a narrower current account deficit have led to an increase in dollar liquidity,” the DBS noted in its daily market report. Notably, since late 2013’s taper tantrums, the quantum of jump in India's reserves ($100 billion) is the highest compared to its Asian counterparts, outside of Japan, the bank said.