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Forex reserves of india 2012

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forex reserves of india 2012

Since the beginning of the year, reserves have increased by 5. The central bank has been buying dollars, both in the spot market as well as in the forward market, to limit the appreciation of the forex, which has been gaining steadily since reserves beginning of the year. Since the beginning of the year, the rupee has gained 5. Among other factors, strong demand for the local currency from foreign portfolio investors FPIs looking to invest in Indian india has 2012 the rupee to appreciate. The central bank has always maintained that forex does not want to influence the india rate for the rupee, but would take steps, including intervention reserves the spot market, to curb any extreme volatility. The RBI publishes data on the sale and purchase of dollar with a lag of two months. FE Bureau Mumbai Updated: May 27, 3: On April 28, reserves were at 2. The Express Group The Indian Express The Financial 2012 Loksatta Jansatta inUth Ramnath Goenka Awards. Privacy Policy Advertise with Us Contact Us Feedback.

India Forex Reserve 2011

India Forex Reserve 2011

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