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India’s Forex Reserves to Rise to Near-Record High, Analysts Say

Currency & FXMonetary PolicyEmerging MarketsBanking & Liquidity

India’s foreign exchange reserves are expected to rise to a near-record level within weeks, supported by stronger capital inflows after recent central bank measures. Analysts view the flow of funding as improving FX liquidity, which should modestly bolster INR sentiment even without a specific magnitude cited in the article.

Analysis

India’s foreign exchange reserves are expected to rise to a near-record level within weeks, supported by stronger capital inflows after recent central bank measures. Analysts view the flow of funding as improving FX liquidity, which should modestly bolster INR sentiment even without a specific magnitude cited in the article.

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mildly positive

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