With limited scope for rollovers, the forthcoming FCNR-B deposit redemptions beginning September through November will lead to increased volatility in the money markets due to maturity mismatches causing wild swings in forex
India's foreign exchange reserves continue to rise to hit a record level of $359.917 billion as on April 8, data from the Reserve Bank of India (RBI) show.
Foreign exchange reserves as on March 25 fell by $387.50 million from a week ago to $355.559 billion, according to data from the Reserve Bank of India.
The country's foreign exchange reserves surged by $2.539 billion to touch an all-time high of $355.947 billion in the week ended March 18, on account of rise in foreign currency assets...