Forex Reserves : Latest Current Affairs and News - Current Affairs TodayTo the extent that devaluation is viewed as a sign of economic weakness, the creditworthiness of the nation may be jeopardized. This facility will make the agreed amount of foreign capital available to India for use as and when the need arises. Another possible consequence is a round of successive devaluations. Forex reserves provide a buffer to the central bank to handle high volatility in the currency markets through controlled selling to defend a weak domestic currency. They withdraw their deposits from the country's banks, creating a severe shortage in foreign currency. Fifth, reserves are always needed to make sure a country will forex reserves upsc its external obligations.
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- UPSC - Strategic Petroleum Reserves
- Forex Reserves, Foreign Exchange Market and Exchange Rates in India | NeoStencil
- Foreign Exchange Reserves: Definition, Purpose, Guidelines
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- Foreign-exchange reserves of India - Wikipedia
- Current Affairs for UPSC IAS- “India’s Forex Reserves and United States’ Concerns”
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UPSC - Strategic Petroleum Reserves
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Forex Reserves, Foreign Exchange Market and Exchange Rates in India | NeoStencil
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Foreign Exchange Reserves: Definition, Purpose, Guidelines
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Foreign-exchange reserves of India - Wikipedia
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Current Affairs for UPSC IAS- “India’s Forex Reserves and United States’ Concerns”
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