Foreign Exchange Reserves in India are the foreign assets kept or managed by the central bank of a country. The reserves are made up of gold or a certain coin, depending on the country. Special drawing rights and foreign currency marketable securities such as government bonds, corporate bonds and shares, treasury bills, and foreign currency loans can also be used as collateral for foreign currency loans.
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
Source:
Reserve Bank of India
Category:
Foreign Exchange Reserves
Units:
Billion
Latest Release
Previous:
$593.48B
Consensus:
$595.62B
Actual:
$589.14B
Next Release
Date:
Jun 09, 11:30
Time left:
1 day
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