Dwindling Forex Pile May Limit India's Rupee Defense: BofAML
An Indian ten-rupee banknote sits on a rock beside a pond (Photographer: Dhiraj Singh/Bloomberg)

Dwindling Forex Pile May Limit India's Rupee Defense: BofAML

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(Bloomberg) -- India’s foreign-exchange reserves are shrinking fast and may soon reach a level that could hamper the central bank’s ability to defend the rupee, according to Bank of America Merrill...
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