From 5 To 500: India’s Forex Reserves Journey Since 1991
One dollar note sheets sit in a stack in Washington, D.C. (Photographer: Andrew Harrer/Bloomberg)

From 5 To 500: India’s Forex Reserves Journey Since 1991

BloombergQuintOpinion
India now has half a trillion dollars of foreign exchange reserves. Those reserves cover 12 months of the pre-Covid-19 level of imports. They are about 88% of India’s external debt which stood at $...
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