BusinessRBI Governor Highlights Strong FDI and Forex Reserves in India
Reserve Bank of India Governor Sanjay Malhotra highlighted positive trends in the Indian economy during the latest monetary policy announcement. He noted strong foreign direct investment, with $13.8 billion net FDI in the first four months of the financial year, up from $9.6 billion last year. He also pointed to comfortable forex reserves and resilience in the external sector, indicating India's ability to absorb global economic uncertainties.
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