Special drawing rights Current Affairs, GK & News
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
RBI and Finance Ministry to meet to decide on First Half Borrowing Plan
The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is to be held through video conferencing. The Plan According to the Union Budget 2020-21, the ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs
Topics: Borrowings • external debt • Finance Ministry • India-IMF • india-world bank • RBI • Reserve Bank of India (RBI) • Special drawing rights • Union Budget • US Dollar
India’s Foreign Exchange touches all time high of 457.468 billion USD
RBI announced that Foreign Exchange Reserves of India has swelled by 2.52 billion USD in the week that ended on December 27, 2019. The Central Bank also said that the country’s special drawing rights with the IMF (International Monetary Fund) dipped by 2 million USD and the reserve position increased by 58 million USD. Currently, ..
Month: Current Affairs - January, 2020
Category: Economy & Banking Current Affairs
Topics: Currency • Foreign exchange reserves • IMF • RBI • Reserve Tranche Position • Special drawing rights
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, ..
Month: Current Affairs - August, 2019
Category: Economy & Banking Current Affairs
Topics: Foreign currency assets • Foreign exchange reserves • Forex • Gold Reserves • India • life time high • RBI • Reserve position • Special drawing rights
India’s Forex reserves rise to a record high of $426.42 billion
As per the data revealed by Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserve rose to a life-time high of $426.42 billion (in week to 21 June 2019) after it surged by $4.215 billion boosted by higher foreign portfolio investments (FPI) and a stable rupee. Key Highlights Background: Earlier, the Forex reserves had ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs
Topics: Foreign currency assets • Foreign Portfolio Investments • Foreign Reserves • FPI • Gold Reserves • IMF • India’s Forex Reserves • International Monetary Fund • RBI • Reserve Bank of India • Reserve Tranche Position • Special drawing rights