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Where Are India’s International Reserves Invested?


  • Ramkishen S. Rajan


  • Sasidaran Gopalan



Most standard indicators suggest that India’s reserve stock is more than adequate. The rapid stockpiling of foreign exchange reserves implies that the RBI has been leaning-against-the-wind to keep down the value of the Indian Rupee. As India has become more export-oriented it has become keenly aware of the need to remain price competitive in the short run, This situation dictates that there may be potential benefits from pursuing a more coordinated approach to dealing with monetary and exchange rate policies in the region. [This is an abbreviated version of a working paper by the authors (see Rajan and Gopalan, 2010).]

Suggested Citation

  • Ramkishen S. Rajan & Sasidaran Gopalan, 2010. "Where Are India’s International Reserves Invested?," Working Papers id:2382, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:2382 Note: Essays

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    References listed on IDEAS

    1. Farber, Stephen, 1987. "The value of coastal wetlands for protection of property against hurricane wind damage," Journal of Environmental Economics and Management, Elsevier, vol. 14(2), pages 143-151, June.
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