India’s $476 Billion Firepower May Arrest Rupee’s ‘Panic’ Drop
The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes. Photographer: Brent Lewin/Bloomberg

India’s $476 Billion Firepower May Arrest Rupee’s ‘Panic’ Drop

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(Bloomberg) -- India’s central bank kept amassing dollars all through 2019, ending the year with Asia’s biggest jump in foreign-exchange reserves. That may come in handy now.
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