Question

what is Foreign exchange Reserves in india ? No sapm

Answer 1

_______________________________________________★★foreign exchange reserve means that the change of foreign currency in to indian currency★★

Answer 2

Hello friend



Here is your answer :-


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✨The foreign exchange reserves of the country include three important component :

✴ Foreign Exchange Assets of RBI

✴ Gold stock of RBI

✴SDR holdings of the Government

✨After 1991, Indian foreign exchange reserves have rapidly increase due to various reasons which are as follows :

✴ Devlauation of rupee

✴Availability of loans from international institutions.

✴ Availability of foreign exchange from NRIs under various scheme

✴ increase foreign investment

✴Full convertibility of Rupee on current account.

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I hope it helps you ✌✌✌✌
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