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India needs substantial FX reserves as buffer against outflows - cbank
August 14, 2014 / 7:57 AM / 3 years ago

India needs substantial FX reserves as buffer against outflows - cbank

MUMBAI, Aug 14 (Reuters) - India needs substantial foreign exchange reserves as a buffer against capital outflows, central bank governor Raghuram Rajan said on Thursday.

India had foreign exchange reserves of $320.56 billion as of the week ending Aug. 1, close to surpassing the record high of $320.785 billion set in September 2011. (Reporting by Suvashree Dey Choudhury; Editing by Anupama Dwivedi)

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