Forex Blog: Currency Trading News & Analysis.

October 15th 2007

India’s Forex Reserves Top $250 Billion

Among the so-called BRIC developing countries (Brazil, Russia, India, China), India is probably the second hottest economy at the moment, after China of course. And following in the footsteps of other developing countries, it is quickly building a massive stock of foreign exchange reserves in order to hold down inflation. Previously, I resisted covering India, because its reserves were small compared to those of China and Japan and hence its potential impact on the Dollar was limited. However, having set another record, India’s forex reserves now top $250 Billion, which rank the country among the highest in the world in this regard. In fact, India is accumulating reserves at the blistering rate of $3 Billion/week!  The breakdown of the reserves (in terms of foreign currency) is unclear, but it seems reasonable to believe that it is dominated by Dollar assets.

Read More: India’s forex reserves rise to record $251 billion

SocialTwist Tell-a-Friend
Posted by Adam Kritzer | in Central Banks, Emerging Currencies | 1 Comment »

Sponsored Offers

FREE Daily Email Updates

Enter your email address:

Delivered by FeedBurner

One Review of “India’s Forex Reserves Top $250 Billion”

  1. Pauldavid Says:

    Just imagine India’s reserves are up! I can truly say that I have profited through a very good online Forex trading company. As one of the most professional and the fastest growing participants in multi-product online trading, this online Forex trading company supports global corporations, financial institutions and retail clients who comprise of their client base as well as a list of other prestigious customers. Moreover, this company has a keen eye for transparent pricing and offers their clients the facility of institutional pricing with low variable spreads that has benefitted me greatly.

Have Questions? Want to Share Your Review?

Be heard. Please share your reviews today!

Neighboring Posts

© 2004 - 2024 Forex Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.