US EditionDo it yourself: US$703bn may be just enough
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Do it yourself: US$703bn may be just enough
The Reserve Bank of India held US$702.78bn in foreign exchange reserves. In the popular macroeconomic analysis in the context of the equity market this piece of data is often used as one of the points of comfort by analysts.This piece of data could be viewed from multiple standpoints. For example –Is it adequate to pay for the necessary imports in the near term, assuming the worst-case scenario of no exports could be made and no remittances are …
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