SDR Current Affairs, GK & News
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
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
India's Forex reserves increase by $1.25 billion
According to the Reserve Bank of India’s weekly statistical supplement, India’s foreign exchange (Forex) reserves have increased by $1.25 billion to reach $371.13 billion from $369.88 billion as on April 21, 2017. The current reserves are just short of a lifetime high of USD 371.99 billion reached in the week to September 30, 2016. Components The ..