Risk to India's sovereign rating from external pressures is limited: Fitch
India's foreign-exchange reserves to remain robust, says Fitch Ratings.
India's foreign-exchange reserves to remain robust, says Fitch Ratings.
RBI says it's closely monitoring liquidity conditions in the forex market. Today, the rupee depreciated 18 paise to 79.25 against the U.S. dollar
India's current forex reserve is equivalent to 13.2 months of import, and higher than the country's external debt.
Indians paid more than ₹26,300 crore in foreign exchange fees in 2020 — ₹9,700 crore as exchange rate markups on currency conversions, payments and card purchases, while travelling abroad.