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 ..
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: 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 ..
Month: Current Affairs - July, 2021
Category: Banking Current Affairs • Economy & Banking Current Affairs • India Nation & States Current Affairs
Topics: fifth-largest foreign exchange reserve holder • Forex Reserves • India’s Forex Reserves • Indian Economy • Reserve Bank of India (RBI)
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 ..
Month: Current Affairs - June, 2020
Category: International Current Affairs
Topics: FDI • FDI Policy • Foreign Direct Investment (FDI) • Foreign exchange reserves • Foreign Portfolio Investment • Forex Reserves • IMF • Special drawing rights
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 ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs
Topics: 2008 financial crisis • Corona virus • COVID-19 • Forex Reserves • liquidity • RBI • Repo Rate • Reserve Bank of India (RBI)
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 ..
Month: Current Affairs - January, 2020
Category: Economy & Banking Current Affairs
Topics: Economic growth • Economic Survey • economic survey 2020 • Fiscal Year • Forex Reserves • GDP • GDP Growth Rate • Growth