India Forex Reserves Over The Years. India's Forex reserve exceeds all external debt. According to the Reserve Bank of India's weekly statistical.
Since past few years, India has become a very resilient economy amid global uncertainty. After four straight weeks of decline, the country's forex reserves have registered significant gains. A by-product of those reforms was an increase.
Since past few years, India has become a very resilient economy amid global uncertainty.
The current forex reserve is big enough to cover the import bill of the country for a year.
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International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF. The crisis eventually led to the liberalisation of the Indian economy. After four straight weeks of decline, the country's forex reserves have registered significant gains.