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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Forex reserves comfortable, no direct impact on economy: India

Posted on 26 February 2009

From Business-standard.com: The country’s foreign exchange reserves are at a comfortable level and the economy will not be directly impacted, the Finance Ministry told Lok Sabha today.

“Since the foreign exchange reserve position continues to be at comfortable level, there is no direct impact on the economy,” Minister of State for Finance P K Bansal said in a written reply to a query in the Parliament….. Full Article: Source


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