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
Prime Minister Narendra Modi started the flight service from Hisar Airport by pressing the button
India's Foreign Minister S Jaishankar had said in an interview – Gone are the days when the
Indian star cricketer Hardik Pandya is once again in the headlines these days. Apart from his uni
The central government on Wednesday downgraded the security of the British High Commission and th
PM Modi in Post-Budget Webinar Prime Minister Narendra Modi has been addressing pre-budget webina
Any result of the ongoing negotiations for a Free Trade Agreement (FTA) between India and Britain
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today
Bollywood's 'Dabangg' actress Sonakshi Sinha is going to tie the knot soon. Sonakshi will become
Sikh for Justice, a banned organization in India, is going to conduct the 'Khalistan Referendum'
Since the arrival of the Taliban in Afghanistan, many terrorist organizations have become active
