The Big Picture – India's Forex Reserves & Economy



India’s foreign reserves crossed the $500 billion mark on Friday for the first time after registering a massive surge of $8.22 billion in the week ended June 5 aided …

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The Big Picture - India's Forex Reserves & Economy

India's foreign reserves crossed the $500 billion mark on Friday for the first time after registering a massive surge of $8.22 billion in the week ended June 5 aided by higher foreign inflows. According to RBI's weekly statistical data, the overall forex reserves increased to $501.703 billion on June 5 from $493.480 billion reported for the week ended May 29. India`s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India`s reserve position with the International Monetary Fund (IMF). In this edition of The Big Picture we analyse India’s rising forex reserves and what it means for the economy.

Guest Name:-
1. Dr. Arvind Virmani, Former Executive Director, IMF
2. Jayant Dasgupta, Former Ambassador of India at WTO
3. S. C. Tripathi, Former Principal Secretary, Finance, Uttar Pradesh

Anchor:- Frank Rausan Pereira

Producer:- Sagheer Ahmad