Govt clears the air around debt crisis rumour: Report
Updated: 12 Jul 2022, 09:32 AM IST
- There were concerns that as $267 billion repayments are due in less than one year, it would further erode India’s foreign exchange reserves and trigger more weakness in the Indian rupee.
FILE PHOTO: India’s trade deficit widened to a record in June, adding further pressure on the Indian currency. REUTERS/Thomas White/Illustration/File Photo