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The country’s foreign exchange reserves rose $2.8 billion to $309.4 billion during the week ended April 11, data released by the Reserve Bank of India showed.
Following steps taken by the central bank in September last year to boost inflows in the wake to a depreciating rupee, foreign exchange reserves are at a 28-month high now.
RBI Governor Raghuram Rajan had recently said though the country has enough foreign exchange reserves, but no nation can fully insulate itself from external vulnerabilities.
"We are well-buffered with substantial reserves, though no country can be de-coupled from the international system," Rajan had said at a conference in Washington last week.
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