India’s foreign exchange reserves, hit by Covid, jumped from a record $ 11.9 billion during the week ends July 31 to a new high of $ 534.5 billion, which makes it the fifth largest reserve holder in the world. During the 10-month…
read moreManufacturing activity in India contracted for the third consecutive month in June, but at a much slower pace, as demand and production continued to suffer for three months from shutdowns to curb the spread of the coronavirus. The virus has infected more…
read moreIndia’s foreign exchange reserves crossed the $ 500 billion mark for the first time in the week ending June 5, 2020. Unlike 1991, when India had to compromise its gold reserves to avoid an important financial crisis, the country can now depend…
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