India's forex reserves hit a "record" $785.71B. 🎉
Reality check: RBI lured NRIs with 7.4% interest to park dollars via FCNR deposits — to defend the rupee, not because exports/FDI are booming.
Borrowed money ≠ earned wealth. But sure, let's celebrate. 🤡
#ForexReserves#RBI #Rupee #IndianEconomy #FCNR