Utilisation of Foreign Exchange Reserves

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..... Utilisation of Foreign Exchange Reserves - News and Press Release Dated:- 3-2-2017 - News - India s foreign exchange reserves (FER) increased from US$ 341.6 billion at end March 2015 to US$ 360.2 bi .....

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..... llion at end March 2016 and US$ 360.8 billion as on 20th January 2017. India s foreign exchange reserves (FER) comprise foreign currency assets, gold, Special Drawing Rights (SDRs) and Reserve Tranche .....

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..... Position (RTP) with the IMF. The level of foreign exchange reserves is largely the outcome of Reserve Bank of India s intervention in the foreign exchange market to stabilise the rupee value. In line .....

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..... with the principles of preserving the long-term value of the reserves in terms of purchasing power, minimizing risk and volatility in returns and maintaining liquidity, the Reserve Bank of India hold .....

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..... s foreign currency assets (FCAs) in major convertible currency instruments. These include deposits with other country central banks, the Bank for International Settlements and top-rated foreign commer .....

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..... cial banks, and in securities representing debt of sovereigns and supranational institutions, etc. The Government and the RBI closely monitor the situation and take appropriate policies as and when re .....

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..... quired. This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today. - News - Press release - PIB Tax Management Ind .....

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..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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