RBI dep governor: forex reserves 'not in plenty'

India's foreign exchange reserves at over $109 billion are not in plenty, the RBI Deputy Governor, Ms K J Udeshi, said on Friday 19 March.

Also, the country is not yet ready for full capital account convertibility (CAC) of rupee, she said.

"The foreign exchange reserves have grown substantially, but they are not in plenty as yet. However, they are sufficient," Ms Udeshi said, addressing a finance convention organised by Welingakar Management Institute.

"If the reserves continue to grow at the

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