India’s foreign exchange reserves explained: What they are, who owns them and how the Reserve Bank of India uses them
Competitive Examination Commentator | Indian Economy Why is it in the news? The Reserve Bank of India said on Friday that India’s foreign exchange reserves increased by $7.26 billion to $674.193 billion in the week ended July 3. In the last reporting week, Forex Kitty fell $5.654 billion to $666.933 billion. Before the outbreak of…