India’s ForEx Reserves

Topic India’s ForEx Reserves   ContextThe country’s foreign exchange reserves declined by USD 4.255 billion to USD 580.299 billion, fall in reserves was due to a decline in the Foreign Currency Assets (FCA). Why volatile?• Rise/Fall in Forex is mainly attributed to appreciation or depreciation of currencies in the basket.• Expressed in dollar terms, FCA … Continue reading India’s ForEx Reserves