8(India's Forex Reserve)

Question 1

why in new

Answer 1

India first time crossed $450bn

Question 2

what does the reserve contain

Answer 2

1 Foreign currency assets
2 Gold
3 SDR
4 Reserve Tranche Position

Question 3

Is SDR a currency

Answer 3

Nopeeee…..it can not be used in grocery to buy it is only to account the IMF ‘s quota

Question 4

what does SDR constitites

Answer 4

1 SDR has,

1 US dollar
2 Euro
3 Renimbi
4 Yen
5 Pound

Question 5

what is Reverse Tranche Position

Answer 5

It is the diffrence between the IMF holdings of that country currency and the country;s IMF designated quota