Tag: forex

A brief history of India’s Foreign Reserves

India’s foreign exchange reserves crossed half a trillion dollars during the first week of June. In an otherwise negative economic environment, country’s healthy forex reserves act as strong mitigants for potential macro-economic risks. India now ranks fifth in the list of countries with highest foreign exchange reserves behind China, Japan, Switzerland and Russia. CountryForeign Exchange Reserves in India (million USD)China3,101,692Japan1,378,239Switzerland848,398Russia565,200India501,703 Half a trillion figure, though not a destination in itself, is nonetheless a good milestone to cross in India’s journey […]

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