The RBI has also taken a hit on its foreign investment as the value of debt securities fell due to the rise in interest rates. It has also had to spend over $40 billion of its reserves to stem volatility in the market and will need to set aside more money to replenish reserves.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VPTBp3n
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