Reserve Bank of India Governor Raghuram Rajan has said that though the country has enough foreign exchange reserves, no nation can fully insulate itself from external vulnerabilities.
"We are well-buffered with substantial reserves, though no country can be decoupled from the international system," Rajan said at a conference organised by the Brookings Institution in Washington yesterday.
In the just-concluded financial year, the country's forex reserves crossed the $300 billion-mark, the highest since December 2011.
For the week to March 28, the reserves rose by a whopping $5.038 billion to $303.673 billion, the second highest in the fiscal.
(Published 11 April 2014, 17:42 IST)