India's foreign exchange reserves stood robust at $682.3 billion as of May 29, RBI Governor Sanjay Malhotra revealed during the Monetary Policy Committee meeting on Friday.

India's foreign exchange reserves are strong at over $680 billion. The reserves saw a decline from April's peak. This was due to the Reserve Bank of India's actions. The RBI…

In the week prior, India's FX reserves had dropped to a more than one-year low of $681.4 billion.

India's forex reserves at $682 billion ensure 11 months of import cover, bolstering economic stability, says RBI Governor.