1146 feeds
357 categories
4377 articles (<24 hours)
25 registered users

Use the Mobile version

Follow our Twitter feed

View our Linkpartners


Register | Retrieve


RSS FeedsIndia has over $500 billion of forex reserves. 5 ways it will help Modi govt
(WorldNews India)


3 july 2020 02:17:38

India has over $500 billion of forex reserves. 5 ways it will help Modi govt
(WorldNews India)

India has accumulated the world`s fifth-largest foreign exchange reserves at more than $500 billion, making it a bright spot in an otherwise dismal economy. The reserves were bolstered by a rare current-account surplus in the first quarter, a return of inflows into the local stock market and foreign direct investment, including into a unit of Reliance Industries Ltd., India`s largest company by revenue. That allowed the central bank to mop up close to $25 billion in foreign exchange to add to its reserves in the quarter through June, according to analysts such as Anubhuti Sahay, chief India economist at Standard Chartered Plc in Mumbai. A strong reserve buffer is a cushion against market...

12 viewsCategory: General > Asia > India
India bolsters defence amid tensions along China border
(WorldNews India)
First China, now Pakistan: How Modi govt is battling on two fronts
(WorldNews India)
blog comments powered by Disqus

Copyright © 2008 - 2020 Indigonet Services B.V.. Contact: Tim Hulsen. Read here our privacy notice.
Other websites of Indigonet Services B.V.: Nieuws Vacatures Science Tweets Nachrichten