“FX reserves that India has per RBI latest numbers, 560 billion euros or thereabouts. So, if India continues to buy energy in its own currency, then the FX reserves that we have currently in India are sufficient to fund 10 years of deficit. Now that is a massive game changer,” says Manish Singh, Crossbridge Capital.
On Rush Hour, with Sumita Kareer, we discuss what we can expect from the markets in the time to come. We are joined by Manish Singh of Crossbridge Capital who talks about what we and the market can expect. India’s market cap for the stock market is $3.31 trillion, while economies like Hong Kong and France have $5.14 trillion and $3.24 trillion respectively.