Forex reserves at $252 bn in end-March

April 22, 2009 by Prakash Dhawan
Filed under: Uncategorized 

India’s unfamiliar sell pot stood during USD 252 billion as of end-March, disappearing by USD 57.7 billion over a prior year, billion over a prior year, a Reserve Bank said upon Monday.

The RBI pronounced in a Macroeconomic as well as Monetary Developments in 2008-09 said, a altogether proceed to a government of India’s unfamiliar sell pot in new years reflects a becoming opposite composition of a change of payments as well as a ‘liquidity risks’ compared with opposite sorts of flows as well as alternative requirements.

Taking these factors in to account, India’s unfamiliar sell pot one after another to be during a turn unchanging with a rate of growth, a distance of a outmost zone in a manage to buy as well as a distance of risk-adjusted collateral flows,” RBI said.

Comments

Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.

  • Archives