India Could Need $60 Billion Additional Reserves: HSBC
To counter the challenges from key vulnerabilities such as unhedged external commercial debt, short term external debt and portfolio outflows, India needs an additional $60 billion of reserves, which would take the overall holdings to $420 billion, notes HSBC.
Pranjul Bhandari and Prithviraj Srinivas of HSBC in their June 26, 2015 research note titled: “How much is too much? point out that India’s main vulnerability has gradually transitioned from trade imbalance to indebtedness.
India’s three recent . . .
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