Foreign exchange reserves are assets held by a central bank in foreign currencies. They serve multiple purposes, including supporting the country's currency by providing liquidity, managing exchange rate volatility, and providing confidence to the market and international community.
Indian Foreign Exchange Reserves comprises of
Asked in westbengal/WBCS Main 2019 Paper 5 2019 · Topic: Balance of Payments (BoP) (Components of BoP: Financial Account (Official Reserve Account))
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