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Guess what? Forex reserve will swell by $30 bn even if half of black money is returned

Oct 29, 2014

Guess what? Forex reserve will swell by $30 bn even if half of black money is returned

Though there would not be any immediate forex impact given the legal issues involved, it could add $30-35 billion to the forex reserves over time #Black money #forex reserves #BofA-ML #illegal funds
Don't worry about rupee, India's forex reserves at all-time high: Mayaram

Jan 27, 2014

Don't worry about rupee, India's forex reserves at all-time high: Mayaram

Seeking to assuage investors worried over declining value of the rupee and falling stock markets, the Finance Ministry today said country's economic fundamentals are "very strong" and there is no cause for concern. #Argentina #forex reserves #Indian rupee #CAD #Arvind Mayaram