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‘Situation isn’t as dire’: Is India’s forex reserves cover enough to defend rupee? Why economists are confident

May 13, 2026 - 14:00
‘Situation isn’t as dire’: Is India’s forex reserves cover enough to defend rupee? Why economists are confident

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Economists believe India’s foreign-exchange reserves are still sufficiently strong to shield the rupee from the oil price shock triggered by the Iran conflict, with the country’s reserve buffers remaining far healthier than the levels seen during the 2013 taper tantrum.
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