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

Indian Foreign Exchange Reserves

The RBI data shows that Indian Foreign Exchange Reserves have been increased by USD 1.497 billion to reach USD 398.178 billion for the week to January 25. This increase has been attributed to a jump in core currency assets. Why the Foreign Exchange Reserves frequently fluctuate? The Foreign Exchange Reserves are expressed in terms of the US dollars are ..

Month: Current Affairs - February, 2019

Topics: Euro • Foreign currency assets • Forex Reserves • Gold • Gold Reserves • International Monetary Fund • Pound • RBI’s Reserve with IMF • Special drawing rights • yen

India’s forex reserves at record high of $424.864 billion: RBI

According to the Reserve Bank of India (RBI), India’s forex (foreign exchange) reserves have touched record high of $424.864 billion in April 2018. The surge was due to massive spike in foreign currency assets (FCAs), a key component of the reserves. The forex reserve had crossed $400-billion mark for the first time in September 2017, ..

Month: Current Affairs - April, 2018

Topics: Banking • Business • Economy • Forex Reserves • RBI