India’s forex reserves surge to a 11-month high of $595.9 https://ift.tt/iKA2ESt said the Reserve Bank of India had taken the opportunity to build up its reserves amid weakness in the US dollar, which had eased pressure on emerging market currencies such as the rupee. The central bank intervenes in the foreign exchange market to rein in excessive volatility in the exchange rate.
Friday, May 12, 2023
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