forex reserve

Question 1

how much is india’s forex reserve

Answer 1

605 billion usd as of mid june. 609 as of early july

Question 2

india has the _ highest forex reserve

Answer 2

5th highest. 4th now

Question 3

who are top 5 highest

Answer 3

china jap switz rus india

Question 4

what is forex reserve

Answer 4

assets held on reserve by central bank in foreign currencies

Question 5

what does india’s forex reserve include

Answer 5

foreign currency assets 566bil usd
gold reserves 36.3 bil
special drawing rights 1.5 bil
reserve position with imf 4.9 bil

Question 6

when was special drawing rights created and by whom?

Answer 6

1969 by imf

Question 7

value of sdr is calculated from which all currencies

Answer 7

usd jap yen british pound euro chinese yuan

Question 8

main reasons for increased forex

Answer 8

increased foreign investment
curtailment of crude oil prices
increased foreign remittances and decline in foreign travel

Question 9

use of forex

Answer 9

keeping fixed currency rate
keeping currency rate below usd
manage economic liquidity and crisis
meet foreign debt and obligations