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India’s foreign exchange reserves have crossed $500 billion, and RBI in the recent past has been one of the top gold-buying central banks in the world, including purchase of 200 tonnes of gold from the International Monetary Fund
The lack of medical funding and infrastructure has weakened India economy’s fight against the virus
Kaushik Das, Deutsche Bank’s chief, wrote that the country’s reserves are set to rise by $30 billion by the end of March next year and this money can be used to upgrade India’s medical facilities.
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