Oct 30 Reuters - The Reserve Bank of India released the following data on turnover in the Indian forex market for the period from Oct 19 to Oct 23, All figures in We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing. Website As an alert notification To use this feature, make sure you are signed-in to your account.
Delivery Method Website popup Mobile App notifications. Create Manage my alerts. Latest Release Dec 01, International reserves are used to settle balance of payments deficits between countries.
International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF. Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights SDRs.
A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate. Reserve Bank of India. RBI data on Indian forex turnover: Enrich the conversation Stay focused and on track. Even negative opinions can be framed positively and diplomatically.
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