Embarrassing forex inflows

Embarrassing forex inflows

The RBI is having problems in profitably deploying available forex resources

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Rupee resources are ample with a healthy growth in bank deposits and noticeable increase in money supply.

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India's external sector has got significantly strengthened thanks to heady foreign exchange inflows in recent years. The additions to foreign exchange assets were $46.82 billion in 2006-07, by itself a record. In the current financial year also, up to January 4, the growth under this head was unprecedented at $81.09 billion, taking the total to $274 billion.

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