India’s foreign exchange reserves have decreased by $1.781 billion, reaching $638.698 billion as of February 28. The reserves have been on a downward trend since hitting an all-time high in September. The decrease is primarily linked to the Reserve Bank of India’s (RBI) actions to stabilize the Indian Rupee. Despite occasional increases, the overall trend has been a decline in forex reserves. The RBI’s interventions in the currency market have been aimed at managing the Rupee’s value against other major currencies. This decrease in reserves comes amidst global economic uncertainties and fluctuations in currency markets. The RBI continues to monitor and manage the forex reserves to ensure stability in the foreign exchange market. Experts are closely observing the RBI’s strategies to stabilize the Rupee amidst volatile market conditions. The forex reserves play a crucial role in safeguarding the country’s external financial stability and meeting any unforeseen contingencies. As India navigates through economic challenges, maintaining an adequate level of forex reserves remains a top priority for the central bank.