Foreign exchange reserves
Foreign exchange reserves are the assets that a country’s central bank or monetary authority holds to ensure a balance of payments in the country, maintain stability in the financial market, and influence the foreign exchange rates of the currency. These ..
Category: Economy & Banking Current Affairs - 2023
The Bangladesh Government has been facing several macroeconomic issues. The country holds a huge current account deficit. The value of the Taka, the currency of Bangladesh has been declining. Foreign Exchange reserves of the country have been decreasing. To help ..
The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online ..
Category: Reports & Indexes Current Affairs
As per RBI data, India’s foreign exchange reserves increased by USD 2.039 billion in the first week of October 2021. Highlights Foreign exchange now stands at USD 639.516 billion. In the last week of September, reserves had dropped by USD 1.169 ..
As per RBI Data, India’s foreign exchange reserves surged by USD 9.427 billion. Foreign exchange reserves now stand at a record high of USD 620.576 billion in the week ended July 30. Key Points In 3rd week of July, reserves ..
The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves ..
Month: Current Affairs - June, 2020