India's foreign exchange reserves elevated by $2.7 billion to $698.19 billion for the week ending July 25, knowledge by the Reserve Financial institution of India confirmed on August 1.
Beforehand, India's foreign exchange reserves had dipped by $3.06 billion to $696.67 billion for the week ending July 18.
Sometimes, the RBI, once in a while, intervenes available in the market by way of liquidity administration, together with by way of the promoting of {dollars}, with a view to stopping a steep depreciation within the rupee.
The RBI intently displays the overseas alternate markets and intervenes solely to take care of orderly market circumstances by containing extreme volatility within the alternate charge, regardless of any pre-determined goal degree or band.
