The Economic Times

India better placed to absorb shocks, supports stabilisation fund amid global uncertainty: RBI Bulletin

The Reserve Bank of India backs a new economic stabilisation fund. This fund will help India manage global challenges and oil price swings. The RBI stated that India's foreign exchange reserves are strong enough to handle external shocks. The rupee has weakened this year, prompting RBI intervention. The central bank is actively managing currency markets to ensure stability.