India’s Forex reserve lose $80 bn in 8 months as RBI defends rupee, quarterly CAD at alarming level

#forexreserve
In Episode 1077 of Cut The Clutter, Shekhar Gupta looks at India’s declining Foreign Exchange Reserves and the rising Current Account Deficit. He also explains what these mean for Indian economy and why RBI’s quest to save the rupee is may be harming the economy.

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