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Anand Rathi: Rising Forex Reserves Reflect Global Imbalance

According to latest RBI data, India has added considerably to forex reserves in recent weeks, rising to as much as $538 billion.

U.S. dollar and Indian rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)
U.S. dollar and Indian rupee banknotes are arranged for a photograph in Mumbai, India(Photographer Dhiraj Singh/Bloomberg)
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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