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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.
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Gold is the second largest contributor to India's forex reserve.
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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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20 sats \ 9 replies \ @Satosora 29 Sep
Is india able to invest in the us market?
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51 sats \ 8 replies \ @Coinsreporter OP 29 Sep
Yes. Also every Indian can. We may even buy Bitcoin ETFs. Haha 😆
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10 sats \ 3 replies \ @02bcd3eeb0 29 Sep
Not bitcoin directly though?
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10 sats \ 2 replies \ @Coinsreporter OP 29 Sep
Pardon me but this is quite a silly question. You can buy Bitcoin anywhere. Indians are no different.
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10 sats \ 1 reply \ @02bcd3eeb0 29 Sep
I thought I read that exchanges were banned by the central bank, but that was a while ago
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0 sats \ 0 replies \ @Coinsreporter OP 29 Sep
Those who have complied are again open. Binance and Bitfinex are again open for Indians.
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0 sats \ 3 replies \ @Satosora 29 Sep
Why would you buy the etf instead of bitcoin?
Its like buying fiat.
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51 sats \ 2 replies \ @Coinsreporter OP 29 Sep
I'm not buying, I'm just telling that Indians can
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0 sats \ 1 reply \ @Satosora 29 Sep
Everyone "can".
Even the people without money.
They just choose not to.
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10 sats \ 0 replies \ @Coinsreporter OP 29 Sep
Yes if only they can.
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