
What global factors influence India's forex reserve levels? | In Focus podcast
In Focus by The Hindu
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The Federal Reserve Separation Is Providing Dollar Restraint
Two years two COVID years we generated a balance of payment surplus on an average of 65 billion dollars for both years 87 billion dollars 48 billion dollars put together the average is close to 60 65 billion dollars. This year you'll see a complete opposite a complete reversal of 50% of the global growth. You'll probably see a number in the deficit of around 50 billion dollars. So this inherently is going to put a lot of pressure on the people because this is nothing but the summation of your current account transaction export import together and your capital account transactions which essentially let's you know what is the availability of dollars in the economy.
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