India’s Forex Reserves Cover 11 Months of Imports, 96% of Debt: RBI
India’s forex reserves stand at $652.9 billion, covering 11 months of imports and 96% of external debt. Learn how the RBI ensures economic stability amidst fluctuations.
India’s forex reserves stand at $652.9 billion, covering 11 months of imports and 96% of external debt. Learn how the RBI ensures economic stability amidst fluctuations.
China and Brazil have signed an agreement to conduct bilateral trade in their own respective currencies, eliminating the US dollar as an intermediary. This move is a geopolitical moment and a sign that countries are seeking to move away from using the US currency, in direct response to Washington’s abuse of the global reserve currency for its own hegemonic aims.