Fitch Ratings: Ratings agency confident, Indian economy able to deal with external shocks

Posted on 20th Oct 2022 04:20 pm by rohit kumar

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

Other news

WPL 2024 Points Table: Delhi Capitals have settled their score by defeating Mumbai, this is the latest status of the points table

Meg Lanning-led Delhi Capitals defeated Mumbai Indians in the 12th match of the Women's Premier L

India will not tolerate attempts to change LAC: Foreign Minister warns China in Rajya Sabha

Today is the second day of the winter session of Parliament. On the first day of the session, Ext

Budget 2025: Economic Survey will tell the state of the economy today, Finance Minister Sitharaman will present the general budget tomorrow

The budget session of Parliament will begin on Friday amidst the hustle and bustle of the Delhi a

Waqf bill: Preparations to include non-Muslims in Waqf boards, opposition parties are strongly criticizing this bill

The parliamentary committee considering the Waqf Amendment Bill is going to support the governmen

India-Aus FTA: India-Australia trade deal will create one million jobs, said- Piyush Goyal

India-Australia Economic Cooperation and Trade Agreement, which will spur manufacturing, especial

The person who fired at Elvish Yadav's house was arrested in a police encounter. The accused was shot in the leg

The police have arrested the accused who opened fire at the Gurugram house of famous YouTuber and

There will be no elections in Bangladesh, Sheikh Hasina is still the Prime Minister? 'I was not given resignation', President claims after two and a half months

Bangladesh President Mohammad Shahabuddin has said that he has no documentary evidence that Sheik

Israel took strict action before the 15th anniversary of the 26/11 attack, declaring Lashkar-e-Taiba a terrorist organization.

26/11 Mumbai Attacks: Before the 15th anniversary of the Mumbai terrorist attacks, Israel has tak

West Bengal: Big announcement of Ramakrishna Mission, Government's dress code will not be applicable in Math's school

A school run by the Ramakrishna Math, founded by Swami Vivekananda and the Ramakrishna Mission Be

PM Modi: 'Manmohan Singh set an example for the country...' when Modi openly praised the former PM in Rajya Sabha

PM Modi praised Manmohan Singh: While addressing the farewell ceremony of MPs in Rajya Sabha, PM