Indian Forex Reserves May Improve in Coming Weeks

This entry was posted on Saturday, June 9th, 2012 and is filed under Cashew, Indian Forex.

Huge fall in global crude price is highly favorable to the Indian economy. The Indian crude basket still stands at $106 but it might decline by 12-15% in coming weeks. The cost of imported goods is also reducing due to Euro zone crisis. This will foster the development of Indian Forex reserves and will also stop devaluation of the Indian Rupee.

Filed Under: Cashew, Indian Forex