RBI MPC: India's forex reserves rise by $4.8 bn to record high of $651.5 bn as of May 31

India's forex reserves reached a record high of $651.5 billion as of May 31, according to RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) intervenes in the market through liquidity management to prevent rupee depreciation and maintain orderly market conditions by containing excessive exchange rate volatility.
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