India's FinMin: Country's macro fundamentals remain resilient & strong

Haresh Menghani FXStreet

India's Finance Ministry was out with some comments on the recent depreciating of the Indian Rupee and said that country's Forex reserves are comfortable and sufficient to mitigate any undue volatility in the Forex market.

Additional quotes:

• Recent developments relating to Turkey have generated global risk-aversion towards emerging market currencies.
• Country's macro fundamentals remain resilient & strong.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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