Economic TimesLean R·
India’s external pressures persist despite forex swap inflows, says Nageswaran
India's Chief Economic Advisor V Anantha Nageswaran highlighted ongoing balance of payments pressures amid increased foreign capital inflows. The Reserve Bank of India's special forex swap window has facilitated significant foreign currency inflows. However, these inflows are seen as a temporary measure rather than a permanent solution to external pressures. Factors like rising imports and intensifying global competition for capital could worsen the external account situation.
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