After rupee crashes to all-time row, Moody's makes this powerful comment about India
However, India, China, Brazil, Mexico and Russia are among the "least vulnerable" to currency pressures, it said. "Large savings channelled through the financial sector allows these economies to largely fund themselves domestically, thereby lowering exposure to volatile portfolio flows," Moody's said.
India is among the 5 countries which are least vulnerable to currency pressures amid strengthening of the US dollar, because of low dependence on external capital inflows, Moody's Investors Service said today. Image source: IANS