India's forex reserves provide cushion against external shocks
after close1 source ↓written by the desknot a recommendation
- are adequate
- $710 billion
- in foreign share
- $12.1 billion
The Reserve Bank of India stated that India’s foreign exchange reserves of $710 billion are adequate to cushion against external shocks, despite a net $12.1 billion in foreign share sales this month. This decline has pressured the rupee, which has hit record lows. The reserves are close to the record $728 billion seen in February.
Not investment advice. For informational purposes only.