Daily News Analysis

Forex reserve:  

12th July, 2021 ENVIRONMENT AND ECOLOGY

Context:

  • The country’s foreign exchange reserves swelled by USD 1.013 billion to touch a lifetime high of USD 610.012 billion in the week ended July 2.

About Foreign Reserve:

  • In India, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank.
  • The reserves are made of gold or a specific currency.
  • They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.