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The rising forex reserves give a lot of comfort to the government and the Reserve Bank of India in managing India’s external and internal financial issues at a time when the economic growth is set to contract by 1.5 per cent in 2020-21. India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the nation's reserve position with the International Monetary Fund (IMF). India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.943 billion to $501.464 billion. According to the Reserve Bank of India's weekly statistical supplement, the reserves increased to $545.038 billion from $541.660 billion reported for the week ended September 11. On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.943 billion to $501.464 billion ... Foreign Exchange Reserves in India increased to 545038 USD Million in September 18 from 541660 USD Million in the previous week. Foreign Exchange Reserves in India averaged 237677.29 USD Million from 1998 until 2020, reaching an all time high of 545038 USD Million in September of 2020 and a record low of 29048 USD Million in September of 1998.
What is Foreign Exchange Reserves? India’s forex reserves ...
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