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5) It is argued that holding large foreign exchange reserves, especially in US Dollar denominated securities will undermine monetary independence of India and will have fiscal implications. Critically examine why this argument is made and if it has any merits.

TopicResource Mobilization

5) It is argued that holding large foreign exchange reserves, especially in US Dollar denominated securities will undermine monetary independence of India and will have fiscal implications. Critically examine why this argument is made and if it has any merits. (200 Words)

EPW