India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and Industry Minister Piyush Goyal said on May 24.
India's forex kitty jumped $3.553 billion to $599.529 billion for the week ended May 12, according to the Reserve Bank of India (RBI.)
The Minister also said that the government efforts have helped in managing inflation and "I am happy that it has been respected and recognised by the RBI (as) they have also taken a pause on the interest rates during the last MPC (Monetary Policy Committee) meeting".
