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Inside India's $766 billion forex reserves

Original: Same X-ray, different skeleton: Inside India’s $766 billion forex reserves

India's foreign exchange reserves have reached roughly $766 billion, and a detailed breakdown suggests the headline number masks important differences in composition, liquidity and quality of assets. Analysts and commentators are weighing what the reserves actually consist of, how much is truly usable in a crisis, and what the level means for the rupee and economic stability.

Why now: Reserves hitting a record level is prompting debate about what the headline figure really contains.

IndiaReserve Bank of IndiaIndian rupeeThePrint

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• Same X-ray, different skeleton: Inside India’s $766 billion forex reserves · ThePrint · 136.6K

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