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India's improving Forex Reserves
Jan 29, 2016

Just few days back we wrote about the declining trend seen in the Indian Rupee. The declining trend is evident from the chart here.

But on the positive side, India's foreign currency assets have improved at an encouraging pace. This increase of foreign assets reflects a strengthening of the reserve position. Having said that, the falling crude prices have been an important contributor for this improvement. The oil prices have crashed by more than 40% in approx. last 20 months. And India being heavily dependent on oil imports, the country's fiscal position and currency rates could worsen as and when the cycle turns.

Attendees of the Equitymaster Conference -2016 would recall Mr Ajit Dayal, laying emphasis on this aspect.

Data Source: State Bank of India- Daily Data Wrap

This Chart Of The Day was published in The 5 Minute WrapUp - India's Own FANG Stocks

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