India “well prepared” to absorb any external shocks, says FinMin

Representative image The Indian economy is “well prepared” to handle any capital outflows caused by external shocks, the Ministry of Finance has said. In its Monthly Economic Review report released on March 15, the finance ministry’s Department of Economic Affairs said India had “adequate” foreign exchange reserves to absorb the risks posed by the uncertain geopolitical environment. “The […]

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Indian rupee gains 21 paise to 76.33 against US dollar in early trade

However, persistent foreign capital outflows and volatile domestic equities restricted the rupee’s gain, forex traders said. Representative image: Source: Reuters The rupee surged 21 paise to 76.33 against the US dollar in the opening trade on Tuesday, tracking moderating global crude oil prices amid hopes that negotiations between Russia and Ukraine might provide a resolution […]

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