Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The decline in India’s foreign exchange reserves is largely due to the valuation changes arising from an appreciating U.S. dollar, Union […]

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Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The FM made these remarks during the ongoing annual meeting of the World Bank and the IMF The decline in India’s foreign exchange reserves is largely due to the valuation changes arising from an appreciating U.S. dollar, Union […]

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RBI increases policy rate by 50 basis points

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday voted unanimously to increase the policy repo rate by 50 basis points to 4.90%, with immediate effect towards its stance in rolling back the ultra accommodation that was necessitated to deal with the impact of the pandemic. Consequently, the standing deposit […]

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