Widening trade deficit, large capital outflows put India's strength to test: RBI report - Economic Times

India's foreign exchange reserves were at $604 billion as of April 8 equivalent to about 12 months of imports. RBI already had to dig in its reserves to prevent a steep fall in rupee's value against the dollar. The hardening oil import cost and portfolio outf…

India's foreign exchange reserves may be close to its record high, but the rapidly widening trade deficit and capital outflows could test the sustainability of external strength, though India would b… [+2219 chars]

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