RBI MPC Meet 2024: Forex reserves reached record level, as of August 2, foreign exchange reserves crossed $600 billion

RBI MPC Meet 2024 Reserve Bank of India Governor Shaktikanta Das has announced the decisions of the three-day MPC meeting today. This time too, the committee has decided to keep the repo rate stable. Apart from this, Das said that the foreign exchange reserves are at their record level. On August 2 this month, the forex reserve reached $675 billion.

The Reserve Bank of India holds an MPC meeting after every two months. In this meeting, many decisions related to repo rate and inflation are taken by the MPC committee. The MPC meeting started on 6 August this month, the decisions of which were announced by RBI Governor Shaktikanta Das this morning.

The RBI Governor said that this time too the committee has decided to keep the repo rate stable. Apart from this, the country's foreign exchange reserves have also reached its highest level.

Reserve Bank of India (RBI) Governor Shaktikanta Das today said that the country's foreign exchange reserves reached a record level of $ 675 billion on August 2, 2024. Earlier, the highest level of currency reserves was US $ 670.85 billion on July 19, 2024.

At the same time, on July 26, 2024, the forex reserve was $ 667.38 billion.