âSituation isnât as direâ: Is Indiaâs forex reserves cover enough to defend rupee? Why economists are confident
Since the outbreak of the Iran conflict, Indiaâs forex reserves have declined by nearly $38 billion, marking the steepest drop among regional economies. India has among the worldâs largest foreign exchange reserves, and they are still robust enough to defend the rupee from its free fall during the ongoing depreciation phase due to the Middle…