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 ..
Month: current affairs - september, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Debt service ratio • external debt • India's external deb • long-term debt • Non-sovereign debt • NRI deposits • SDR • Sovereign debt • trade credit
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 ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: 1969 • IMF • International reserve asset • SDR • SDR basket of currencies • Special Drawing Rights (SDRs)
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 ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Forex • Import cover • RTP • SDR
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 ..
Month: Current Affairs - April, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: commercial borrowings • Depreciation • Dollar • Euro • external debt • long-term debt • NRI deposits • Pound sterling • SDR • short term trade credit • trade credit • yen
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 ..
Month: Current Affairs - January, 2018
Topics: Banking • Business • Economy • Foreign currency assets • Forex Reserves • SDR
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 ..
Month: Current Affairs - June, 2017
Topics: Economy • Forex Reserves • IMF • International Monetary Fund • National • RBI • SDR