India’s foreign exchange reserves explained: what they are, who holds them and how RBI uses them
Competitive Exam Explainers | Indian economy Why in the news? India’s foreign exchange reserves rose from $7.26 billion to $674.193 billion in the week ended July 3, the Reserve Bank of India said on Friday. The previous week, the currency kitty had fallen by $5.654 billion to $666.933 billion. The kitty had expanded to an … Read more