India’s foreign exchange reserves touched an all time high of $675 billion as of August 2, RBI Governor Shaktikanta Das said on Thursday during announcement of MPC decision.
Last week’s data showed that the reserves dipped by $3.47 billion to $667.39 billion for the week ending on July 26.
The previous all time high was at $670.86 billion as of July 19.
The RBI governor noted that Indian Rupee remained largely range-bound in August. The rupee was at 83.93 against the US dollar as of 09:30 a.m on Thursday, in comparison to its previous close at 83.9550.
(More to come)