According to data released by the Reserve Bank of India (RBI), India’s foreign exchange reserves have witnessed a substantial increase, surging by $4.03 billion to reach a total of $598.89 billion. This significant boost in foreign exchange reserves underscores the country’s robust financial stability and its capacity to meet external obligations effectively. The rise in forex reserves is attributed to factors such as increased foreign investments and export earnings, which contribute to strengthening India’s economic position on the global stage. These reserves also play a very vital role in stabilizing the country’s currency and ensuring financial security in times of economic volatility.