RBI assures forex reserves adequate against external shocks
after close1 source ↓written by the desknot a recommendation
- are sufficient
- $710 billion
- in Indian shares
- $12.1 billion
- peak recorded
- $728 billion
The Reserve Bank of India (RBI) stated that India's foreign exchange reserves of $710 billion are sufficient to cushion against external shocks. This assurance comes as foreign investors sold a record $12.1 billion in Indian shares in March, impacting the rupee's value. The reserves are close to the $728 billion peak recorded in February.
Not investment advice. For informational purposes only.