Sat, Aug 29, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

India’s forex reserves shrink the most since 2008

Posted on 28 November 2011

India’s foreign exchange reserves have had the steepest three-week fall since the collapse of Lehman Brothers Holdings in 2008, as the Reserve Bank of India wages a half-hearted battle to arrest the currency’s fall amid turbulence in the international financial markets.

Adecline in the value of other assets, such as the Euro and treasury of other nations, also had an impact on the reserves, as investors’ most-favoured asset remained the US dollar. Funding of high imports may also have contributed to the fall in foreign exchange reserves, economists said………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 16969 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31