India’s Forex Reserve: A Comprehensive Look at its Purpose in 2023
On May 5th, India’s Forex reserves went up by USD 7 billion to touch an 11 month peak of USD 596 billion, as per RBI report. In October 2021, the forex reserves went to an all time high level of USD 645 billion, to decline from there as the regulator utilised the USD kitty to … Read more