Forex reserves at a new high of $430.57 bn

According to the latest RBI data,India’s foreign exchange reserves has reached a new high at USD 430 billion due to rise in foreign currency assets. Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies.These reserves are used to back liabilities and influence monetary policy. These assets serve many purposes… Continue reading Forex reserves at a new high of $430.57 bn

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