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India not to be impacted by US Fed's likely liquidity taper: Govt official

India will not be impacted by the US Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, CEA K V Subramanian said

Topics
CEA Krishnamurthy Subramanian | US Federal Reserve | Liquidity

Reuters  |  NEW DELHI 

Chief Economic Advisor K V Subramanian
Chief Economic Advisor K V Subramanian

NEW DELHI (Reuters) - India will not be impacted by the U.S. Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, Chief Economic Adviser K V Subramanian said on Tuesday.

Asia's third-largest economy has bad memories of past attempts by the Federal Reserve to get away from crisis-mode policies, particularly in 2013 when mere talk of "tapering" stimulus prompted the rupee to sink to record lows.

"Our macroeconomic fundamentals, whether it's inflation, whether it's a current account deficit, whether it's our forex reserves, and all the others metrics clearly indicate that our macroeconomic fundamentals are very very strong," Subramanian said.

 

(Reporting by Aftab Ahmed; Editing by Peter Graff)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, August 31 2021. 20:04 IST

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