India better prepared to deal with Iraq crisis fallout: Rajan

Posted on Jun 17 2014 - 9:19pm by IBC News

Mumbai, Jun 17 With the Iraq crisis threatening to spur oil prices higher and push inflation up, the Reserve Bank today said the country has enough foreign exchange reserves and is better prepared to deal with any fallout.

“As far as the external front goes, we are in much better position than we were last year. We have sufficient reserves.

The CAD is low.

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