Categories: Business

Rising forex reserves a morale booster says anand mahindra

Photo: FILE

Anand Mahindra

new Delhi. Expressing happiness over the country's growing foreign exchange reserves, Mahindra Group Chairman Anand Mahindra said on Thursday that it should be used to return to growth path with wisdom. He also reminded that about 30 years ago, India's foreign exchange reserves had become almost zero. He made this comment by tweeting an article related to India's foreign exchange reserves. According to a related article, India's foreign exchange reserves have reached close to $ 500 billion. The current reserves of $ 493 billion are sufficient for the import requirements for the next 17 months.

Mahindra said, "India's foreign exchange reserves had fallen to almost zero 30 years ago. We now have the third largest global reserves. "He said," This news is going to boost morale in this uncertain time. Do not forget the potential of your country and use this resource wisely to get back on the path of economic growth. "The article says that India has already surpassed Russia and South Korea in terms of foreign exchange reserves. India is now ranked third after China and Japan.

This post was published on June 12, 2020 1:07 am

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