Diabytes
India foreign exchange News
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Gold reserves during the week declined by USD 350 million to USD 47.739 billion.
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India's external buffers are sufficient to cushion risks associated with rapid monetary policy tightening in the US and high global commodity prices.
India's foreign reserves fell by almost USD 101 billion in January-September 2022, but are still large at around USD 533 billion.
This fiscal imports have surged on strong domestic demand growth and high oil and coal prices.
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Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.
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