https://www.taxtmi.com/news?id=39374 India's foreign exchange position is described as robust, with total reserves sufficient to provide extended import cover and to support external stability. Officials attributed recent modest decline in reserves and rupee depreciation to global factors including a stronger US Dollar and portfolio capital flows rather than domestic structural weakness. Authorities noted that foreign portfolio investors engaged in profit-booking and episodic outflows but that inflows have resumed, while the Current Account Deficit has narrowed, reflecting export promotion and cyclical adjustment. en-us Tue, 01 Apr 2025 19:31:02 +0530 Tue, 01 Apr 2025 19:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39374 India's foreign exchange position is described as robust, with total reserves sufficient to provide extended import cover and to support external stability. Officials attributed recent modest decline in reserves and rupee depreciation to global factors including a stronger US Dollar and portfolio capital flows rather than domestic structural weakness. Authorities noted that foreign portfolio investors engaged in profit-booking and episodic outflows but that inflows have resumed, while the Current Account Deficit has narrowed, reflecting export promotion and cyclical adjustment. News - Tue, 01 Apr 2025 19:31:02 +0530 https://www.taxtmi.com/news?id=39374