SDR Current Affairs, GK & News

Status Report on India’s External Debt 2021-22

The External Debt Management Unit (EDMU), Department of Economic Affairs, Ministry of Finance, recently released the 28th edition of the Status Report on India’s External Debt 2021-22. Highlights Long term debt: USD 499.1 billion constituted the largest chunk of 80.4 per cent of total Short-term debt: USD 121.7 billion accounted for 19.6 per cent of ..

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IMF: Review of Special Drawing Rights (SDR)

The International Monetary Fund (IMF) increased the weighting of the US dollar and Chinese yuan (Renminbi) in the Special Drawing Rights (SDR) basket of currencies. The updated weightings will be effective from August 1st. What are the current weights assigned to each currency in the SDR basket? S. dollar’s weighting was increased to 43.38% from ..

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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 External Debt Eases

India’s external debt has witnessed a decline of 1.6% to US$ 521.2 billion at end-December 2018 over its level at end-March 2018, on account of the decrease in commercial borrowings and trade credit. Further: There had been a valuation gain in external debt as at end December 2018 due to the depreciation of the US dollar vis-a-vis the ..

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Forex Reserves scale record high of $409.366 billion in December 2017

According to Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserves have scaled to fresh record high of $409.366 billion as on December 29, 2017. The surge was due to massive spike in foreign currency assets, which is key component of the reserves. Forex Reserves The forex are reserve assets held by a central ..

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India's Forex Reserves reach Life Time High of $381.167 billion

According to RBI, India’s foreign exchange (Forex) reserves have increased by $2.404 billion to touch a lifetime high of $381.167 billion in the week that ended on June 2. The increase was due to increase in foreign currency assets (FCAs). Components The components of India’s Foreign Exchange Reserves include: Foreign currency assets (FCAs), Gold, Special Drawing Rights (SDRs) and ..

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