https://www.taxtmi.com/news?id=2853 The document reports a substantial rupee depreciation and corresponding Reserve Bank intervention that reduced foreign exchange reserves, an increase in external debt led by long term borrowings with a significant short term component, and a widened current account deficit driven by a larger trade deficit from higher international prices for oil, gold and silver and slower export growth; contemporaneous capital inflows shifted toward FDI and external commercial borrowings while portfolio investment collapsed, creating balance of payments vulnerability. en-us Thu, 15 Mar 2012 13:08:22 +0530 Thu, 15 Mar 2012 13:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2853 The document reports a substantial rupee depreciation and corresponding Reserve Bank intervention that reduced foreign exchange reserves, an increase in external debt led by long term borrowings with a significant short term component, and a widened current account deficit driven by a larger trade deficit from higher international prices for oil, gold and silver and slower export growth; contemporaneous capital inflows shifted toward FDI and external commercial borrowings while portfolio investment collapsed, creating balance of payments vulnerability. News - Thu, 15 Mar 2012 13:08:22 +0530 https://www.taxtmi.com/news?id=2853