India’s foreign exchange reserves witnessed a decrease of $1.781 billion, reaching $638.698 billion by the end of February. After reaching an all-time high in September, the reserves have been on a downward trend, with occasional increases. The drop is primarily linked to the Reserve Bank of India’s measures to steady the Indian Rupee.
India’s forex reserves drop to $638.698 billion, declining $1.781 billion in February, attributed to RBI’s Rupee stabilization efforts.
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