{"id":39258,"date":"2018-08-16T11:47:02","date_gmt":"2018-08-16T11:47:02","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=39258"},"modified":"2018-08-16T11:47:02","modified_gmt":"2018-08-16T11:47:02","slug":"enough-forex-reserves-to-manage-rupee-macros-remain-strong-arun-jaitley","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/enough-forex-reserves-to-manage-rupee-macros-remain-strong-arun-jaitley\/","title":{"rendered":"Enough forex reserves to manage rupee, macros remain strong: Arun Jaitley"},"content":{"rendered":"<p>A day after the rupee plunged to record low, union minister Arun Jaitley said India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market and developments are being closely monitored.<\/p>\n<p>The Indian currency yesterday crashed to a life-time low of 70.09 on concerns over Turkey\u2019s economic woes that have impacted various emerging markets, even as the US dollar gained strength against other currencies.<\/p>\n<p>Recent developments relating to Turkey have generated global risk aversion towards emerging market currencies and the strengthening of the dollar, the minister said in a series of tweet.<\/p>\n<p>However, the country\u2019s macro fundamentals remain resilient and strong, said Jaitley, who was holding the charge of finance and corporate affairs ministries before he underwent the kidney transplant on May 14.<\/p>\n<p>Piyush Goyal was given Jaitley\u2019s ministerial portfolios on an interim basis.<\/p>\n<p>\u201cIndia\u2019s foreign exchange reserves are comfortable by global standards and sufficient to mitigate any undue volatility in the foreign exchange market,\u201d Jaitley said.<\/p>\n<p>The developments in the currency market were being monitored closely to address any situation that might arise in the context of the unsettled international environment, he added.<\/p>\n<p>Reserve Bank\u2019s foreign exchange reserves were at $402.70 billion in the week ended August 3, down $1.49 billion over the preceding week, latest data released by the central bank showed.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>A day after the rupee plunged to record low, union minister Arun Jaitley said India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market and developments are being closely monitored. The Indian currency yesterday crashed to a life-time low of 70.09 on concerns over Turkey\u2019s economic woes that have [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":39259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-39258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/39258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=39258"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/39258\/revisions"}],"predecessor-version":[{"id":39260,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/39258\/revisions\/39260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/39259"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=39258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=39258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=39258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}