Authorised banks and standalone primary dealers access the foreign exchange market for market making, balance sheet management and hedging of risks. Photograph: Francis Mascarenhas/Reuters Key Points An authorised dealer may also undertake transactions on ETPs outside India They can borrow
The reserves climbed to an all-time high of $705 billion in September 2024, but have been under pressure lately Illustration: Dado Ruvic/Reuters Key Points Value of the gold reserves jumped by $4.62 billion to $117.45 billion India’s reserve position with
The IMF on Monday raised India’s growth projection to 7.3 per cent for fiscal 2025-26, up 0.7 percentage point from its October forecast, on the back of better-than-expected performance of the economy. Photograph: Bhawika Chhabra/Reuters The Washington-headquartered multilateral lending agency
