India’s foreign exchange reserves saw a decrease of $1.781 billion, reaching $638.698 billion as of February 28. The reserves have been on a downward trend since reaching an all-time high in September. The decrease is primarily due to the Reserve Bank of India’s actions to stabilize the Rupee. Despite occasional increases, the overall trend has been a decline in the forex reserves. This development highlights the central bank’s efforts to manage the currency’s value in the face of economic challenges. The country’s forex reserves play a crucial role in supporting the Indian Rupee and ensuring stability in the foreign exchange market. The latest figures indicate a strategic approach by the RBI to address currency fluctuations and maintain a balanced foreign exchange reserve position. Stay updated on the latest financial news and trends to understand the implications of these changes on India’s economy and the global market.