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Statsguru: Six charts show rising India’s foreign exchange reserves | Economy & Policy News

Statsguru: Six charts show rising India's foreign exchange reserves | Economy & Policy News

[ad_1] India’s foreign exchange reserves have doubled in the past decade. The cushion means better external debt metrics and a more stable currency, particularly compared to the volatility seen during the taper tantrum episode of 2013, according to a Business Standard analysis. Due to increased capital flows, India accumulated over $100 billion worth … Read more

RBI’s likely intervention in forex market helps rupee to avoid a new low | Economy & Policy News

Business Standard

[ad_1] The Reserve Bank of India’s likely intervention in the foreign exchange market on Wednesday prevented the rupee from hitting a record low, said market participants. The Indian unit depreciated by 9 paise against the US dollar to settle at Rs 83.38 a dollar, after touching the intraday low of Rs 83.45 per dollar. … Read more