Forex Reserves Subject – Economy Context – Over $1-billion slide in currency assets pulls down reserves Concept – Falling forex reserves may cause issues for the government and the RBI in managing the nation’s external and internal financial issues. Higher reserves are a big cushion in the event of any crisis on the […]
Forex Reserves Subject – Economy Context – IMF’s asset allocation a booster shot, forex reserves jump by record $16.6 bn 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 securities. It needs to be noted that most foreign […]
Forex Reserves Subject – Economy Context – Fall in currency assets, gold pulls forex reserves off record high. 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 securities. It needs to be noted that most foreign exchange reserves […]
Forex reserves Subject: Economy Context: Maintaining a winning streak, the forex reserves swelled by $835 million to reach another record high of $612.73 billion in the week ended July 16, 2021, data from the Reserve Bank of India (RBI) showed. The FCA a major component of the overall reserves — rose by $463 […]
Forex reserves Subject: Economy Context: The country’s forex reserves jumped substantially by $5.942 billion to touch a life-time high of $507.644 billion in the week to June 12, helped by a significant jump in foreign currency assets (FCA), the Reserve Bank of India (RBI) data showed. Concept: The foreign exchange reserves had crossed […]
Forex Reserves Subject: Economy Context: With the rate of returns on the country’s foreign exchange reserves declining, the Reserve Bank of India (RBI) and the government are exploring ways to enhance returns and have sought external expert assistance for better deployment of forex. Concept: The RBI’s Department of External Investments and Operations (DEIO) […]