Forex Reserves 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 ..

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India: 5th largest Forex reserve holder in the world

As of 25th June, 2021, India has surpassed Japan, China, Russia and Switzerland to become the world’s fifth-largest foreign exchange reserve holder with $608.99 billion. This was mentioned in the Lok Sabha on 20th July, 2021 by Pankaj Choudhary, MoS Finance.   Key Points The Reserve Bank of India and the Government of India are ..

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Forex Reserves of India are rising

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 are the reserve assets that are held by the central bank in foreign currencies. It ..

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What is Forex Swap and LTRO suggested by RBI governor to support Liquidity in India?

The RBI Governor recently stated that the apex bank has several armoury of weapons and it will not hesitate to deploy them. Two of the measures suggested by the governor are Forex Swap and LTRO (Long Term Repo Operation). This is being suggested as the global economic growth is affected due to impact of COVID-19 ..

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Economic Survey 2020 tabled in the Parliament by the Finance Minister

The Economic Survey of the Fiscal Year 2020 has been tabled in both the houses of Parliament. The survey highlights economic trends in the country, development over the past 12 months and facilitates better mobilization of resources. Highlights The Current Fiscal Growth is 5% The projected GDP growth for the year 2020-21 is 6% to ..

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