Indian Foreign Exchange Reserves (Mar/20) 698.35
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US BROKER MOVES: TRIP upgraded at BofA; AGX upgraded at JPM
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Indian Foreign Exchange Reserves (Mar/20) 698.35
Commerzbank has raised its gold price forecast to USD 5k/oz by the end of the year, and to USD 5.2k/oz by the end of next year
Norges Bank says policy cannot see through supply shock
On the Newsquawk feed at , 20 minutes before this page.
Context
The recent print on Indian foreign exchange reserves at 698.35 billion reflects a stable reserve position, which suggests that the Reserve Bank of India is maintaining a buffer against external shocks amidst ongoing global volatility. This level is particularly relevant for assessing the Indian rupee's resilience and could influence market perceptions around currency stability and potential rate path actions by the RBI.
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