Hi Nishanth !!
It's a classic (non inverting) integrator. For high frequencies the capacitor acts as an open circuit, while the resistor provides the needed feedback in DC to make it stable.
Hi Nishanth, the capacitor acts as an open circuits because it's capacitive reactance (Something like It's resistence in AC) depends of the frequency of the signal in AC: \[X_{c} = \frac{1}{w{\cdot}C}=\frac{1}{2{\cdot}{\pi}{\cdot}f{\cdot}C}\]. As the frequency gets high in the previous equation also the admitance of the capacitor gets high.