# Despite record forex reserves, India's external finances at risk: UBS | Money & Forex Markets - Business Standard

> A UBS note says India's record forex reserves of $421 billion mask vulnerabilities in its external position, with reserves covering a smaller share of external debt than before the financial crisis. The rupee is among Asia's worst performers this year as foreign investors pull out of bonds.

- Date: 2018-03-22 · published 2018-03-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/66262-despite-record-forex-reserves-india-s-external-finances-at-risk-ubs-money-and
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Currency vulnerability in India can raise import costs and affect policy responses, which matters for buyers of imported oilseeds and feed inputs priced in dollars.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/finance/despite-record-forex-reserves-india-s-external-finances-at-risk-ubs-118032200234_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.