SENSEX
NIFTY
GOLD
USD/INR

Weather

image 23    C

Business News

The Economic Times

Business / The Economic Times

details

What's key to India's forex defence? Patra suggests it's $1 trillion buffer

Former RBI Deputy Governor Michael Patra advocates for India to build foreign exchange reserves to at least $1 trillion. This substantial buffer is crucial for market intervention, covering external debt obligations and cushioning against portfolio investment outflows. Recent sharp declines highlight the pressure on reserves amid global uncertainties.

17 Mar 2026 1:30 pm