Explained: Why India’s forex reserves are rising, what this means for the economy

Forex Reserves

India’s forex reserves has reached $500 billion for the first time ever. India can cheer on atleast one front when the rest of the economy is at a standstill. The rise in forex reserves is due to the rise in investment in foreign portfolio investors in Indian stocks and FDIs. Details from the news is important for both prelims and mains.

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