Source: Reuters (via feed)
India’s foreign exchange reserves are adequate to cushion against external shocks, the Reserve Bank of India said in its monthly report. The report also noted that proactive measures will be needed to limit spillovers from ongoing global volatility.
BizTrendWire Insight:
The RBI report states forex reserves provide a cushion against external shocks. It mentions the need for proactive actions amid global volatility.
The RBI report states forex reserves provide a cushion against external shocks. It mentions the need for proactive actions amid global volatility.
