Foreign currency assets Current Affairs, GK & News
India’s Forex reserves touch all-time high of $612.73 billion
In the week ended 16th July, India’s foreign exchange reserves rose by $835 million to touch a record high margin of $612.73 billion. In the week ended 9th July the reserves had surged to $611.895 billion from $1.883 billion. Highlights The increase in Forex reserves was due to the rise in foreign currency assets ..
Month: Current Affairs - July, 2021
Category: Banking Current Affairs • Economy & Banking Current Affairs
Topics: Foreign currency assets • Forex Reserves • India's Foreign exchange reserves • Reserve Bank of India • Shaktikanta Das
India: 4th largest Forex Reserves holder
India’s forex reserves crossed $600 mark for the first time and as on June 4, it stood at $605 billion. With this, India equals Russia as the fourth largest reserve holder worldwide. Highlights India’s forex reserve was $605.008 billion while for Russia it was $605.2 billion. It took a year for reserves to rise by ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs
Topics: Foreign currency assets • FOREX remittances • India’s Forex Reserves • International Monetary Fund (IMF) • Special drawing rights
Foreign Exchange reserve touches a new high of 451.08 billion USD
According to the weekly data released by the Reserve Bank of India, the foreign exchange reserve touched a new high of 451.08 billion USD. The foreign exchange currency assets include the depreciation or appreciation of the non-US currency like pound, Euro and Yen as well. Highlights The increase is mainly due to the rise in ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Currency Fluctuations • exports • Foreign currency assets • Foreign exchange reserves • Gold Imports • imports
India’s forex reserves at new life-time high of $430.57 bn
According to latest Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves surged to new life-time high of US $430.572 billion in week to August 9, 2019. It was on account of rise in foreign currency assets, the major component of the overall reserves. In the previous reporting week ended on August 2, ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs
Topics: Foreign currency assets • Foreign exchange reserves • Forex • Gold Reserves • India • life time high • RBI • Reserve position • Special drawing rights
India’s Forex reserves rise to a record high of $426.42 billion
As per the data revealed by Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserve rose to a life-time high of $426.42 billion (in week to 21 June 2019) after it surged by $4.215 billion boosted by higher foreign portfolio investments (FPI) and a stable rupee. Key Highlights Background: Earlier, the Forex reserves had ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs
Topics: Foreign currency assets • Foreign Portfolio Investments • Foreign Reserves • FPI • Gold Reserves • IMF • India’s Forex Reserves • International Monetary Fund • RBI • Reserve Bank of India • Reserve Tranche Position • Special drawing rights