India’s foreign exchange reserves jumped to a two-month high to reach $640.5 billion as of February 21, with nearly $5 billion added in a week to the stockpile that had shrunk in lockstep with the retreat in Mumbai’s broadest equity gauges after having scaled their respective peaks end-September. Reserve Bank of India (RBI) data published … Read more
Piyush Goyal, Minister of Commerce and Industry, at the CII AGM in New Delhi. 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 … Read more
India’s record more than $600 billion of foreign exchange reserves might not be good enough, as it falls short on some measures including import cover and liability outflows, according to a new research from the central bank. “While foreign exchange reserves provide cushions against unforeseen external shocks, levels are often deceptive,” Reserve Bank of India … Read more