India’s foreign exchange reserves, amounting to $640.3 billion by the end of December 2024, can comfortably cover 90% of the country’s external debt and nearly 11 months of imports. Despite a recent dip, India remains the world’s fourth-largest holder of foreign exchange reserves, following China, Japan, and Switzerland.
Abhay Agarwal sees market bottoming out as aggressive FPI selling slows
Market volatility is due to low trading volumes, with potential bottoming out expected by April. Positive shifts in domestic consumption and FPI flow reversals suggest
March 5, 2025