@talks_akshay : I have been saying for a long time - India needs to signifcantly reduce its $7500B in FX Reserves to about $ 200B max (enough to cover several decades of FX needs). And sell all holdings of US, European bonds. Our reserves may be frozen at Western whim and fancy. And we dont need • TwiCopy

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AkshayKapoorTalks

@talks_akshay

12 days ago

I have been saying for a long time - India needs to signifcantly reduce its $700B in FX Reserves to about $ 200B max (enough to cover several decades of FX needs). And sell all holdings of US, European bonds. Our reserves may be frozen at Western whim and fancy. And we dont need

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