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Business Standard

Forex reserves shrink faster than under 2008 global crisis, taper tantrum

BoP deficit, longer US tightening cycle may lead to slower pace of RBI intervention

Topics
Forex  | Foreign exchange reserves | Rupee

Bhaskar Dutta  |  Mumbai 

Currency, forex market, rupee
So far in the current calendar year, the rupee has depreciated 8.2 per cent against the US dollar, performing better than several currencies

Over the past eight months, global financial markets have been dealt the double whammy of the war in Ukraine and the fastest pace of US monetary policy tightening in almost two decades.

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First Published: Sun, September 25 2022. 19:07 IST

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