Indian Rupee Weakens Below 68 vs The US Dollar For No Fault Of India…
The Indian rupee to the US dollar exchange rate floats freely with the exchange rate or price changing just like the price of commodities, vegetables and others change. We don't have a fixed exchange rate like some countries have with the US dollar. After a long-time, the Indian rupee weakened… Read More
DOES INDIA NOW HAVE TOO MUCH FOREX?
India's foreign exchange reserves are at an all time high of US$ 360 billion equivalent due to prudent management. There are definite benefits associated with higher reserves, such as a cushion against global shocks and enhanced confidence in the currency. But there are also considerable costs, primarily the fiscal cost… Read More