- India's foreign exchange (forex) reserves surged $2.838 billion to reach a new high of $692.3 billion as of the week ended September 20, compared with $689.4 billion as of September 13.
- Gold is the second largest contributor to India's forex reserve.
- Two other elements contribute to foreign exchange reserves: Special Drawing Rights (SDRs) and the Reserve position in the International Monetary Fund (IMF).
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Is india able to invest in the us market?
Yes. Also every Indian can. We may even buy Bitcoin ETFs. Haha 😆
Why would you buy the etf instead of bitcoin?
Its like buying fiat.
I'm not buying, I'm just telling that Indians can
Everyone "can".
Even the people without money.
They just choose not to.
Yes if only they can.
Not bitcoin directly though?
Pardon me but this is quite a silly question. You can buy Bitcoin anywhere. Indians are no different.
I thought I read that exchanges were banned by the central bank, but that was a while ago
Those who have complied are again open. Binance and Bitfinex are again open for Indians.