Should India hold $400 billion of forex reserves?4 min read . Updated: 03 Oct 2017, 08:45 PM IST
If instead of maintaining large forex reserves, the funds are used to finance, say, infrastructure projects, the returns will be much higher
Foreign exchange (forex) reserves with the Reserve Bank of India (RBI) have now crossed the $400-billion mark. This is being celebrated by many people. This column takes a different view.
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