Explained: Making use of forex reserves | Explained News - The Indian Express

India’s foreign exchange reserves have dipped $70 bn in 10 months. Before that, India had accumulated these in a most unconventional manner — which it is now deploying to defend the rupee.

From a peak of $642.45 billion on September 3, Indias foreign exchange reserves have dipped to $572.71 billion as of July 15. Thats a fall of almost $70 billion in just over 10 months.How have the re… [+6303 chars]

full article...