Question

Foreign exchange reserves of india meaning

Answer 1

DEFINITION of 'Foreign Exchange Reserves' Foreign exchange reserves are reserve assets held by a central bank in foreign currencies, used to back liabilities on their own issued currency as well as to influence monetary policy.

Answer 2

DEFINITION of 'Foreign Exchange Reserves' Foreign exchange reserves is reserve assets held by a central bank in foreign currencies, used to back liabilities on their own issued currency as well as to influence monetary policy.