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Capital inflows lessen external sector blues
The second-quarter macroeconomic and monetary development report released by the Reserve Bank of India (RBI) said concerns on the external sector had receded with revival of capital inflows and a modest level of current account deficit. The report, released on the eve of the second quarterly monetary policy review, also said the 2.62 per cent appreciation in the rupee over the past four months had
The second-quarter macroeconomic and monetary development report released by the Reserve Bank of India (RBI) said concerns on the external sector had receded with revival of capital inflows and a modest level of current account deficit. The report, released on the eve of the second quarterly monetary policy review, also said the 2.62 per cent appreciation in the rupee over the past four months had
'India should closely monitor forex reserves'
India should closely monitor the foreign exchange reserves, which stood at $248 billion in 2008-09 compared to $309 billion in the year ago period, T C Venkat Subramanian, Chairman and Managing Direct
India should closely monitor the foreign exchange reserves, which stood at $248 billion in 2008-09 compared to $309 billion in the year ago period, T C Venkat Subramanian, Chairman and Managing Direct
Forex reserves rise by $3 b on revaluation
The country’s foreign exchange reserves went up by $3.028 billion to $306.488 billion for the week-ended March 14. The increase is mainly on account of revaluation of currency assets.
The country’s foreign exchange reserves went up by $3.028 billion to $306.488 billion for the week-ended March 14. The increase is mainly on account of revaluation of currency assets.
Energising reserves
Awakening from a deep slumber, policymakers have begun to recognise the immense possibilities that burgeoning foreign exchange reserves offer a country facing a host of scarcities.
Awakening from a deep slumber, policymakers have begun to recognise the immense possibilities that burgeoning foreign exchange reserves offer a country facing a host of scarcities.
IMF guidelines and Indian practice
As the IMF rightly avers, “weak or risky reserve management practices can also have significant financial and reputational costs. Several countries, for example, have incurred large losses that
As the IMF rightly avers, “weak or risky reserve management practices can also have significant financial and reputational costs. Several countries, for example, have incurred large losses that
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