https://in.news.yahoo.com/indias-forex-exchange-reserves-surge-030850560.html US $ 608 billion … as on date .. in gold bullion and a basket of foreign “hard currency” and Special Drawing Rights(SDRs) all stashed away in the safe vaults and on the books of accounts of the Reserve Bank of India! The purpose for which individuals and nations accumulate Reserves is mainly toContinue reading “INDIA’s BURGEONING RESERVES OF FOREX : To what purpose?”