Economic Times |
Narendra Modi effect: Forex reserves up by billion since April
Economic Times MUMBAI: India's forex reserve rose by close to US billion so far this fiscal on the back of massive inflows from overseas investors, who pumped in dollars into the domestic market on expectation of a strong and stable government under Narendra Modi. Forex reserve rises by .09 bn to 5 bn India's forex reserves rise to 4.93 bln as of May 16 – cbank |