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IMF advises RBI to go slow on reserves accumulation

Lauding India's policy efforts to push reserves and strengthen its external position, the multilateral agency has advised the central bank against excessive forex market intervention." Further accumulation of reserves is less warranted, and foreign exchange intervention should be limited to addressing disorderly market conditions" IMF said in its recently released country report for India.

from Economic Times https://ift.tt/3CDM3iB
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