Friday, July 3, 2020

At $500 billion, India has world's fifth-largest foreign exchange reserves

A strong reserve buffer is a cushion against market volatility, and gives foreign investors and credit rating companies added comfort that the government can meet its debt obligations despite a deteriorating fiscal outlook and the economy’s first likely contraction in more than four decades.

from Hindustan Times - india https://ift.tt/31FF5Kb

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