<p>RBI is building a war chest of forex reserves and we're only the fourth country to cross the $700 billion mark. But what are forex reserves, why do central banks build them, and do we even need such a mammoth reserve?</p>

RBI is building a war chest of forex reserves and we're only the fourth country to cross the $700 billion mark. But what are forex reserves, why do central banks build them, and do we even need such a mammoth reserve?

A $700 billion war chest –What’s RBI’s game plan?

A weekly podcast from Wealthy.in that brings you clear explanations of the biggest economic events. We'll tell you what's happening, why it matters, and how it could impact the world around you.

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A $700 billion war chest –What’s RBI’s game plan?

A $700 billion war chest –What’s RBI’s game plan?