India's foreign exchange reserves rose to a near three-month high of $692.9 ​billion as of July 31,

data from the Reserve ‌Bank of India showed on Wednesday.Reserves jumped ​nearly $10.5 billion compared to the

previous ⁠week, in their biggest surge since the week ended

January 30.A larger pile of foreign exchange reserves gives the ‌central

bank greater capacity to defend the rupee, which has been hit by