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[Explained] Why are India's forex reserves burgeoning and how should they be deployed

Updated Jan 19, 2021 | 08:09 IST In the midst of coronavirus pandemic, the performance of India in accumulating foreign currency reserves is timely and remarkable. Representational image&nbsp New Delhi: Foreign exchange reserves of India totalled US$ 477 billion as on March 20, 2020. This figure stood at US$ 581 billion as on December 25, 2020, recording a whopping increase of US$ 104 billion in a relatively short period of around 9 months. The surge in reserves has been ...
Jammu And Kashmir New Delhi International Monetary Fund Aatmanirbar Bharat Abhiyan Self Reliant India Initiative World Health Organization Strategic Value Of Foreign Exchange

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