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Five reasons why India needs to add to record forex pile SECTIONS Last Updated: Jul 02, 2021, 07:01 AM IST Share Synopsis The pile touched a record $608 billion last month, thanks mainly to the Reserve Bank of India soaking up dollars flowing in as foreign direct investments, as well as into the nation’s booming stock market Reuters The rise in India’s foreign exchange reserves to above $600 billion may not be enough to beat the challenges looming for Asia’s third-largest economy, according to some central bankers and economists. The pile touched a record $608 billion last month, thanks mainly to the Reserve Bank of India soaking up dollars flowing in as foreign direct investments, as well as into the nation’s booming stock market. The hoard may help reassure investors and credit-rating companies about the government’s ability to meet its debt obligations despite a deteriorating fiscal outlook.

Radhika raoMichael patraShaktikanta dasBank ltdBank raoInternational settlementsReserve bankDeputy governor michaelGovernor shaktikanta dasராதிகா ராவ்மைக்கேல் பத்ராவங்கி லிமிடெட்சர்வதேச குடியேற்றங்கள்இருப்பு வங்கிதுணை கவர்னர் மைக்கேல்