India's foreign exchange reserves witnessed a significant boost, surging by ₹54,000 crores to reach a staggering ₹625 billion in March 2024. This substantial increase reflects the country's robust economic position and resilience amidst global uncertainties.
Such ample reserves serve as a cushion against external shocks, bolstering investor confidence and ensuring stability in the financial markets. This remarkable feat underscores India's proactive approach in managing its economic affairs, positioning it favorably on the global stage.