World’s Fifth-Largest Reserves Pile Gives India Some Comfort
A customer counts 100 U.S. dollar banknotes and 50 euro banknotes inside a foreign currency exchange bureau in the Beyoglu district of Istanbul, Turkey. (Photographer: Kerem Uzel/Bloomberg)

World’s Fifth-Largest Reserves Pile Gives India Some Comfort

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(Bloomberg) -- India has accumulated the world’s fifth-largest foreign exchange reserves at more than $500 billion, making it a bright spot in an otherwise dismal economy.
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