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Decline in Forex Reserves

  Apr 15, 2021

Decline in Forex Reserves

Q. Why is this in news? 

According to the recent data from the Reserve Bank of India (RBI), India’s Foreign Exchange (Forex) reserves declined by USD 2.986 billion to reach USD 579.285 billion in the week ended 26th March 2021.

Q. What is Foreign Exchange reserve? 

Q. What are the objectives behind holding forex reserves? 

Q. What are included in India’s Forex Reserve