A $700 billion war chest –What’s RBI’s game plan?

11/10/2024 7 min

Listen "A $700 billion war chest –What’s RBI’s game plan?"

Episode Synopsis

RBI is building a war chest of forex reserves and we're only the fourth country to cross the $700 billion mark. But what are forex reserves, why do central banks build them, and do we even need such a mammoth reserve?