Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said India's forex reserves may have crossed record level of $600 billion on the back of robust capital flows.

As per the RBI's data issued on 28 May, the country's foreign exchange reserves rose by $2.865 billion to a record high of $592.894 billion for the week ended 21 May.

RBI actively engages in both purchases and sales in the foreign exchange market and its various segments, Das said, while announcing the bi-monthly monetary policy review.

''The success of these efforts is reflected in the stability and orderliness in market conditions and in the exchange rate in spite of large global spillovers. In the process, strength is imparted to the country’s balance sheet by the accumulation of reserves,'' he added.

The previous peak was reached when the forex reserves touched $590.185 billion in the week ended 29 January 2021.