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Foreign exchange reserves

Foreign exchange reserves are assets like foreign currencies, gold reserve, SDR, and deposits with IMF, treasury bills, bonds, and other government securities. Foreign exchange reserves serve many purposes but the most significant objective behind its holding is to ensure that a central government agency (RBI in India) has backup funds if their national currency rapidly devalues or becomes all together insolvent.<br>

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Foreign exchange reserves

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  1. Foreign exchange reserves Foreign exchange reserves are assets like foreign currencies, gold reserve, SDR, and deposits with IMF, treasury bills, bonds, and other government securities. Foreign exchange reserves serve many purposes but the most significant objective behind its holding is to ensure that a central government agency (RBI in India) has backup funds if their national currency rapidly devalues or becomes all together insolvent. Visit: https://believersias.com/ for details. Email: Believersiasacademy@gmail.com / info@believersias.com Subscribe our YouTube channel for latest updates on important topics https://www.youtube.com/channel/UCZcg7G1YDRa4zKN77c3YphA Call @ +91 9611321616 / +91 9611451616

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