India's forex reserves hit record high
India's foreign exchange reserves climbed to a record high, boosted by RBI measures to attract US dollar inflows. The larger buffer gives the central bank more firepower to support the rupee, which has remained one of Asia's worst-performing currencies through the period.
Nabka Insight
Forex reserves and rupee management are perennial banking and economy questions.
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- India's foreign exchange reserves reached a record high
- Rise driven by RBI steps to attract US dollar inflows
- The rupee remains among Asia's worst-performing currencies
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