Emerging market economies, including India, need to keep foreign exchange reserves liquid: RBI paper - Economic Times

Our results indicate that there is a 5 percent chance of portfolio outflows from India of the order of 3.2 percent of GDP or US $ 100.6 billion in a year in response to a COVID-type contraction in real GDP growth, or a global financial crisis -GFC- type decli…

Emerging market economies, including India, need to keep foreign exchange reserves liquid after building a substantial buffer as in extreme cases like the global financial crisis or Covid outbreak th… [+2475 chars]

full article...