Sign in
Anupam Manur
Articles by Anupam Manur

Divide forex reserve into two components

The Reserve Bank of India (RBI) has $620 billion as forex reserves (about 15 months of import cover) and it is mostly held in dollars ($200 billion), while gold and other major currencies form the remaining amount. While the probability of India facing sanctions from the West is low, there could be other geopolitical risks. (PTI)
Updated on Apr 17, 2022 14:27 IST