Panda, Devi Prasad - 2017
market and developing economies. The journey of India from abysmally low reserves in 1991 to today's comfortable position has …-15:Q4, attempts to identify various macroeconomic determinants of India's forex reserves. While the ratio of India's forex … reserves to its GDP is considered as the dependent variable, the ratio of M3 to GDP of India, trade openness of India, and …