Addressing an interactive session on Geo-Political Spillovers and Indian Economy , he attributed the lesser depreciation of Rupee to high foreign exchange reserves of around USD 600 billion.
The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close.