The Reserve Bank of India’s net forex acquisitions surged to a near five-year high in March, driven by dollar-rupee swaps aimed at boosting banking system liquidity. The RBI purchased $41.5 billion and sold $27.2 billion as the rupee appreciated. Post navigation ‘Met targets’: IMF defends $1bn bailout package to Pakistan despite India’s pushback India-US trade deal talks intensify: Piyush Goyal holds second meeting in Washington
