India forex reserves

India’s forex reserves at comfortable position to meet any requirements: Piyush Goyal

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India’s forex reserves at comfortable position to meet any requirements: Piyush Goyal

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 forex pile may not be adequate, RBI paper says

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India’s record forex pile may not be adequate, RBI paper says

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