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
PM Modi addressed a public meeting in Surguja, Chhattisgarh today. PM Modi mentioned inherit
Pradeep Sarkar Death: A few days after the death of Satish Kaushik, Bollywood suffered another de
For some time now, there have been discussions about the biopic of former Indian cricket team cap
India-Canada Row: 'Stop hate speech and attacks on places of worship' India scolds Canada in UN
India-Canada Row: India has recommended Canada stop attacks on places of worship and curb hate sp
Anushka-Virat: Anushka Sharma told the secret of Kohli's fitness, revealed before the Adelaide Test
Indian batsman Virat Kohli is counted among the fittest cricketers in the world. He recently scor
A shocking piece of news has shaken Maharashtra politics. Maharashtra Deputy Chief Minister and N
Vivo X90 series launched renders of Samsung Galaxy S23 excited, see all the special features of both
Vivo X90 Series: Vivo X90 5G series was launched in China on 22 November 2022. In this series, th
IND vs PAK: After the match, Indian and Pakistani players shook hands and applauded each other.
Blind women cricketers from India and Pakistan surprised everyone by shaking hands with each othe
Prime Minister Narendra Modi on Wednesday said the aviation sector is bringing people closer and
North Korea has again fired two ballistic missiles into the East Sea. South Korea's Defense Minis
