India's Forex Reserves Top $200 Billion
By LIFS |
|India’s foreign exchange reserves topped $200 billion at the end of April, according to the Reserve Bank, which is a 200-time growth since 1990, when they were barely $1 billion. The principal source of these reserves are from capital inflows and foreign remittances.
India has the world’s sixth largest currency reserves after China ($1.2 trillion), Japan ($909 billion), Russia ($338 billion), Taiwan ($267 billion) and Korea ($243 billion).