India's forex reserves near $500 bn, but RBI won't let rupee rise: Experts

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Analysts say the central bank is enhancing reserves to guard against a likely downgrade in India's credit rating or to ensure a bigger transfer of surplus to the revenue-starved government

Analysts say the central bank is enhancing reserves to guard against a likely downgrade in India's credit rating or to ensure a bigger transfer of surplus to the revenue-starved government https://ift.tt/2AqWknf June 11, 2020 at 10:43AM

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