Forex Current Affairs, GK & News

India’s forex reserves

India’s foreign exchange (forex) reserves declined for the seventh consecutive week. What are forex reserves? Forex or foreign exchange reserves are assets held by the central bank in foreign currencies as a reserve. How much forex reserves does India currently have? According to the latest data from the Reserve Bank of India (RBI), India’s forex ..

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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, ..

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India removed from US’s Currency Watchlist

In a recent announcement by United States, it has removed India and Switzerland from the currency monitoring lists. The US has retained other countries like China, Japan and Germany in the list. Key Highlights Background: It was in May 2018 when for the first time India was placed by US in its currency monitoring list ..

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US adds India to the currency practices and macroeconomic policies monitoring list

The US Department of Treasury has included India in the monitoring list of its major trading partners that merit close attention to their currency practices and macroeconomic policies. The list was part of semi-annual report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. Key Facts The US Treasury Department ..

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