More pain for rupee likely on India’s trade gap, capital outflow

Foreign exchange reserves, which can cover about 10 months of imports, have slumped more than $50 billion from a peak in September to $587 billion in the week to June 17 as the RBI seeks to stabilize the currency and importers seek more dollars for costly energy imports.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mQd1H9T
https://ift.tt/KXseC9A