Can forex reserves plug India's dollar shortage?
- Neelkanth Mishra
- Updated: Jul 5, 2022, 08:21 IST IST
RBI may target 3-4% depreciation per quarter till trade deficit, at a record high, remains a problem
With oil prices up, a record trade deficit of $70.25 billion in the April-June quarter, rupee sliding and GoI taking some policy calls, India’s responses to external sector challenges are crucial. Here’s how to read the problem.