| From Business-standard.com: As the Reserve Bank of India tries to support weakening rupee, India’s foreign exchange reserves are declining steadily. From $314 billion in April, they have fallen to $245 billion as on November 21, a fall of nearly 22 per cent in under nine months.
Even as foreign institutional investors are busy selling their investment, exports have started doing badly. With global recession spreading, demand for India’s exports have declined, particularly in the US and Europe..... Full Article: Source
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