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India’s forex reserves
June 15 , 2021
1603 days
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- India’s forex reserves crossed $600 mark for the first time.
- With this, India equals Russia as the fourth largest reserve holder worldwide.
- Forex are assets on reserves which are held by central bank in foreign currencies.
- It includes bonds, treasury bills and other government securities.
- Most of the foreign exchange reserves are held in U.S. dollars.
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