"macroeconomics"

The Reserve Bank of India has dismissed reports suggesting it liquidated USD 12 billion in gold to defend forex reserves. The RBI confirmed physical gold stocks remain unchanged at 880.52 tonnes, despite severe macro pressures on the rupee

In an article on the state of economy, the bulletin said that in India, a broad-based gaining of momentum is discernible in high frequency indicators.

ICFAI Foundation for Higher Education, Chancellor, Dr C Rangarajan said the present economic crisis was unique in the sense that it was triggered by a non-economic shock.