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Apple cash pile is worth two-thirds of Indian forex reserves
short by Vani Vivek / on Wednesday, 3 May, 2017
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.
read more at India Today