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Top related persons:
Anantha Nageswaran - 1 ” Nageswaran - 1 Thamashi De Silva - 1 ” - 1 Madan Sabnavis - 1 “ - 1 Suvodeep Rakshit - 1 Nageswaran - 1
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India
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Gross - 1 Capital Economics - 1 Reserve Bank of India - 1 Bank of Baroda - 1

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2 mentions found


☆ India’s economy grows at fastest pace in a year
  + stars: | 2023-08-31 | by ( ) edition.cnn.com   time to read: +2 min
India’s economy grew at its quickest pace in a year in the April-June quarter, buoyed by strong services activity and robust demand, but a drier than normal monsoon season could restrain future growth. India’s Chief Economic Adviser V. Anantha Nageswaran maintained his 6.5% growth forecast for the full year. Thamashi De Silva at Capital Economics said India’s GDP data was strong despite policy tightening by the Reserve Bank of India. Food prices climbIndia’s retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed. “High food inflation for a prolonged period could weigh on consumption growth,” said Rajani Sinha, Chief Economist, CareEdge Ratings.
Persons: Anantha Nageswaran, ” Nageswaran, Thamashi De Silva, ”, Madan Sabnavis, “, Suvodeep Rakshit, Nageswaran, Rajani Sinha Organizations: Gross, Capital Economics, Reserve Bank of India, Bank of Baroda Locations: India
☆ India should allow gradual rupee weakening, use fx reserves 'judiciously' - govt adviser
  + stars: | 2022-11-07 | by ( Shivangi Acharya | ) www.reuters.com   time to read: +2 min
NEW DELHI, Nov 7 (Reuters) - India's central bank should allow rupee to depreciate gradually and use foreign exchange reserves judiciously, the government's chief economic adviser V. Anantha Nageswaran on Monday. Nageswaran comment on the rupee and foreign exchange reserves is the first official government comment since concerns about dwindling currency reserves emerged earlier this year. India's foreign currency reserves have fallen from a peak of $642 billion to $531 billion partly due to dollar sales to support the rupee. “We should in the short-run allow the rupee to depreciate gradually and we should use forex exchange reserves judiciously,” Nageswaran said at an online event. “We should augment foreign exchange reserves and that will help with any contingencies,” he added.
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