Fixed Income And Currency Market

17 Sept 2017

Technically India’s FX Reserve sare at USD 426 billion, a Factor that Should Go in to RBI October Policy Review

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India reported its highest fx reserves at USD 400.7 billion as of 8th September 2017 despite current account deficit jumping to 2.4% of GDP in the 1st qtr of this fiscal year from 0.1% of GDP and 0.6% of GDP in the 1st and 4th quarter of last fiscal year respectively.

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Arjun Parthasarathy
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