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India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the nation's reserve position with the International Monetary Fund (IMF). The rising forex reserves give a lot of comfort to the government and the Reserve Bank of India in managing India’s external and internal financial issues at a time when the economic growth is set to contract by 1.5 per cent in 2020-21. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $3.943 billion to $501.464 billion. But, in practice, it also contains gold reserves, IMF reserve positions, and SDRs, or special drawing rights. The latter figure is more easily available and is officially known as the international reserves. Forex Reserves India. As of 26th April 2019, India has USD 418.515 billion forex reserves. India ranks eighth in the world in forex reserves. Weekly Statistical Supplement WSS - Extract. 25 Sep 2020; Foreign Exchange Reserves: 9 kb: 867 kb: 18 Sep 2020; Foreign Exchange Reserves
India Gold And forex reserves on All Time High - YouTube
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