India's forex reserves can be used for infra investment, say economists

As on September 18, India's foreign exchange reserves stood at $541.67 billion

The Reserve Bank of India (RBI) could be nearing the end of its reserves accumulation as costs may slowly be beginning to outweigh the benefits. To reap these benefits, some reserves could be used for local purposes, experts say.  

As of September 18, India’s foreign exchange (forex) reserves stood at $541.67 billion. Reserves have risen at the fastest clip on record in the past one year. 

Deutsche Bank India’s Chief Economist Kaushik Das estimates that the reserves could rise to $575 billion. However, the adequate level of reserves to cover external volatility could be just $300-325 billion, according to Dhananjay Sinha, director