Apple cash pile is worth two-thirds of Indian forex reserves

In its earnings report for the quarter ended April, Apple revealed that it has $256 billion in cash, which is over two-thirds of India's total foreign exchange reserves. As per RBI data, India's foreign exchange reserves stood at a little over $371 billion on April 21, 2017. Notably, India's reserves touched an all-time high of $371.99 billion in September 2016.