Central bank continues to build reserves to counter volatility, with India's reserves at $645.6 billion. Governor Das emphasizes the need to create a buffer for future risks. Governor Das, in his monetary policy statement, has said that the external sector is resilient and the latest external vulnerability is eminently manageable. The country’s forex reserves are at 99.6% of outstanding external debt at end-December 2023.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.