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India to add $100 bn to forex reserves in FY’08

At a time when managing capital flows is becoming a challenge...

At a time when managing capital flows is becoming a challenge for the authorities, the government today said it expects to add $100 billion to the forex reserves in the current financial year. “We added $47 billion last fiscal. In 2007-08, we expect to add $100 billion,” finance minister P Chidambaram said here at a lecture on ‘Law – an Instrument for Economic Growth.’

First published on: 30-01-2008 at 11:46:53 pm
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