You are here

India's record forex war chest set for Fed rate hike test


CHASTENED by a tumble in the rupee in 2013 at the prospect of tighter US monetary policy, India has built up record foreign exchange reserves of nearly US$340 billion to insulate the economy from capital flight as the United States prepares to lift interest rates.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to