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
Ekagraha Rohan Murthy, grandson of Infosys founder NR Narayana Murthy, has probably become the co
Indian cricketer Akashdeep Singh was delivered a Fortuner vehicle without registration and a High
Telangana Police has exposed the attempt to buy 4 MLAs of Telangana Rashtra Samithi (TRS). Cybera
Delhi Pollution: The Air quality situation in Delhi is still serious, AQI of many areas crosses 400
The air quality situation in Delhi remains serious even today. According to CPCB, AQI of many are
Sikandar VS Pushpa1: Sikandar wiped out Allu Arjun's Pushpa, and broke this record on Wednesday
No matter how much struggle Salman Khan faced in his film career in the beginning, but now he has
Prime Minister Narendra Modi will visit Vikram Sarabhai Space Center (VSSC) in Thiruvananthapuram
COVID Fresh Cases India: Be careful! Corona is gaining momentum once again, WHO issued an advisory
Corona has once again started spreading its foot in the country. According to the Union Health Mi
Brendan Fraser : RRR star Junior NTR shared pictures with Brendan Fraser, gave 'best wishes'
RRR actor Ram Charan and filmmaker SS Rajamouli are in the United States for the prestigious Osca
India will be hoping for a medal from weightlifter Mirabai Chanu on Wednesday, the 12th day of th
A committee of three ministers each from both states will be formed to resolve the border dispute
