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Fixed Income And Currency Market
17 Sept 2017
Technically India’s FX Reserve sare at USD 426 billion, a Factor that Should Go in to RBI October Policy Review
India reported its highest fx reserves at USD 400.7 billion as of 8th September 2017 despite current account deficit jumping to 2.4% of GDP in the 1st qtr of this fiscal year from 0.1% of GDP and 0.6% of GDP in the 1st and 4th quarter of last fiscal year respectively.
Arjun Parthasarathy
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