End separating children from parents after they cross Mexico border, U. 135 billion, according to india forex reserves 2014 camaro released by the Reserve Bank of India on Friday. After the Narendra Modi government came to power in May, 2014, foreign funds pumped dollars into Indian equities on the hopes of big-bang economic reforms. The RBI Governor in a post-policy meeting with reporters earlier this week had said the country’s foreign reserve position had improved substantially to sustain any spillover effect arising out of the policies from advanced economies.
He said although India could not be immune from volatility, but it was much better than many of its comparative countries. 50 per barrel levels, the RBI should be able to take import cover to 10 months by March 2016, above the critical 8-month import cover needed for the rupee stability. Market experts believe the rise in the reserves is also due to the buying of dollars by the RBI in the past few months. We do not intervene to try and target a particular level for the exchange rate. The RBI has been net purchaser of dollars for the most part of the current fiscal. 39 billion in forwards since April.
325 billion, the Reserve Bank data showed. Receive the best of The Hindu delivered to your inbox everyday! This article is closed for comments. Why is the MSCI mulling caps on emerging markets, including India? Ross to press China to buy as allies seethe over U. Fiscal deficit for FY18 at 3.