Govt, RBI closely monitoring rupee, says FM
Rupee has recovered from its all-time low of over ₹80 against the U.S. dollar to ₹78.6 currently. FinMin says rupee has strengthened against currencies like Pound, Yen and Euro
foreign exchange reserves
August 2022
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March 2021
November 2020
September 2020
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January 2020
Forex reserves drop by $28.05 billion in 6 months: RBI
The country's forex reserves decreased from $635.36 billion at the end of September 2021 to $607.31 billion at the end of March 2022, shows RBI data.
Budget 2022: Forex reserves at all-time high
India's current forex reserve is equivalent to 13.2 months of import, and higher than the country's external debt.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
India’s foreign exchange reserves at lifetime high
The big question is how much more foreign exchange will the Reserve Bank of India buy, and why?
RBI managing economic challenges well: report
While gloom prevails across economies, a State Bank of India report says that the Reserve Bank of India has been relatively successful in ensuring financial stability in the market since May.
Moody’s India downgrade is not unexpected: BofA Securities
While the rating agency downgraded India’s sovereign rating, BofA Securities’ economists see the present downturn as cyclical rather than structural; say fiscal stimulus is critical for recovery.
The economics of the govt’s stimulus indecision
The delay in stimulus announcement is disappointing and raises the probability that a stimulus, if any, might be weaker than expected, says Jefferies India.
$27.3-bn of maturing corporate debt in FY21 not a concern: BofA Securities
The amount is just 0.8% and 5.8% of India’s GDP and foreign exchange reserves, respectively. And the maturity profile is reasonably spread out in FY21.
‘Budget 2020 will be very challenging’
Despite a lower tax mop-up and the shortfall in disinvestment target, government receipts are seen growing 6% in FY20, thanks to RBI’s large dividend. But FY21 would be different.
