Chart: India’s Forex Reserves Up $7.7 Bn in Two Months, With $18bn FCNR Inflows

Date November 18, 2013

India’s forex reserves haven’t gone too far up, despite all the good things that seem to have been happening recently. RBI’s consistent selling of dollars seems to have restrained the inflows from NRIs’ (FCNR Swaps) which have supposedly brought in

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