India’s Foreign Exchange Reserves Increase

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..... India’s Foreign Exchange Reserves Increase
News and Press Release
Dated:- 9-7-2014

The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun J .....

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..... aitley, has noted that India's foreign exchange reserves increased from US $ 292.0 billion at end March 2013 to US $ 304.2 billion at end march 2014. The Survey underlined that India continues to be o .....

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..... ne of the countries that have sizeable foreign exchange reserves particularly considering that some of the other major reserve holders are nations with large current account surpluses. Intervention in .....

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..... the foreign exchange markets by the RBI so as to manage the exchange rate of the rupee and guard against volatility without targeting a specific rate is behind the accumulation of reserves generally. .....

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..... In the specific context of developments in 2013-14, the intervention was to provide a measure of comfort against the elevated levels of vulnerability indicators which are expressed as proportions of .....

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..... reserves.
News - Press release - PIB .....

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