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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. 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 country's reserve position with the International Monetary Fund (IMF). But, in practice, it also contains gold reserves, IMF reserve positions, and SDRs, or special drawing rights. The latter figure is more easily available and is officially known as the international reserves. Forex Reserves India. As of 26th April 2019, India has USD 418.515 billion forex reserves. India ranks eighth in the world in forex reserves. 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 High Forex Reserve Complete Analysis by Neeraj ...
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