Even though India's forex reserves have declined in the last few months and the rupee has broken to a record low against the dollar, the country has been able to deal with any external shock. This is believed by the rating agency Fitch. Fitch has also issued a warning to the US praising the Indian economy.
Fitch Ratings said in a report released on Wednesday that India is prepared to deal with the US's strict monetary policies and rising inflation rate globally and has enough foreign exchange reserves to deal with any kind of risk. According to Fitch, the risk to India's credit due to global pressures is very limited.
Let us tell you that after ten weeks of continuous decline in India's foreign exchange reserves, there was an increase in the week ending October 7. During this period, there was an increase of $ 20.4 million in foreign exchange reserves and it had increased to the level of $ 532.868 billion.
Also Read: The rupee closes above 83 against the dollar for the first time, today fell by 61 paise
Prayers were offered for peace and prosperity in the country on Bakrid at the Taj Mahal. Morning
Prime Minister Narendra Modi expressed grief over the deaths in the massive fire in Solapur. At l
G20 Dinner: What were PM Modi and Jinping talking to each other? picture of a handshake surfaced
G-20 Summit Bali: A picture has surfaced of Prime Minister Narendra Modi and Chinese President Xi
Prime Minister Narendra Modi will attend the closing ceremony of the 'Meri Maati-Mera Desh' campa
Raghav Chadha Parineeti Chopra Engagement: What is going on between Parineeti Chopra and Aam Aadm
SRH vs CSK: 'I wouldn't like to bowl to him', which batsman is Pat Cummins scared of?
Sunrisers Hyderabad defeated Chennai Super Kings by 6 wickets with 11 balls remaining in the 18th
Indian cricket team's wicketkeeper-batsman Sanju Samson was not included in the Indian playing XI
America has once again made a statement after US President Joe Biden called Pakistan the most dan
Why was voting held in Kerala to elect a Russian President, people voted enthusiastically
Kerala vote for Russian President Voting for the presidential election is going on in Russia. Vot
Coco Lee: Hong Kong singer Coco Lee passed away, said goodbye to the world at the age of 48
Hong Kong's famous singer and songwriter Coco Lee has passed away. At the age of 48, he said good
