Foreign Exchange Reserve Subject : Economy Context: India has sufficient forex reserves to finance CAD and intervene in forex market: Eco Survey Findings in Economic Survey: India’s forex reserves, as on January 20, stood at $573.727 billion. The country recorded a current account deficit of 3 per cent of GDP in H1 FY23 […]

    FOREIGN EXCHANGE RESERVE Subject: Economics Context: The country’s foreign exchange reserves declined by $4.255 billion to $580.299 billion in the week ended March 5, according to RBI data. Concept: Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies, which can include bonds, treasury bills and other government […]