Mumbai, Aug. 25 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday said the country's foreign exchange reserves remain robust at USD 695 billion, adequate to cover 11 months of merchandise exports, providing a key buffer against external shocks.

He was speaking at the annual banking conference FIBAC 2025 in Mumbai.

"We have very robust foreign exchange reserves, USD 695 billion as per the latest figures that are available with us, sufficient to cover 11 months of merchandise exports," Malhotra said.

Notably, the RBI generally benchmarks reserves against imports rather than exports.

Malhotra reiterated the central bank's commitment to maintaining price stability while supporting growth, noting that the Monetary Policy Co...