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India's forex reserves rise by a record weekly amount
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India's forex reserves rise by a record weekly amount
India's forex reserves, managed by the RBI, rose by a record weekly amount.
Why it matters: GS-3 core; factual, Prelims-type
What you need to know
2 min read
India's foreign exchange reserves, which are managed and published by the Reserve Bank of India (RBI), rose by a record amount in a single week.
Forex reserves comprise foreign currency assets, gold holdings, Special Drawing Rights (SDRs), and India's reserve position with the IMF.
A rising reserve cushion strengthens the RBI's ability to defend the rupee against volatility.
Sources: Topper IAS editorial (PIB / The Hindu / Indian Express)
Key facts
Remember these
- forex reserves
- RBI
- SDR
- rupee
Prelims · Mains
How the exam will ask it
Prelims
- forex reserves, RBI, SDR, rupee
Mains
Use as an example in GS-3 answers (GS Paper 3 - Indian Economy).
Quick recall
Answer before you reveal
Market Infrastructure Institutions (MIIs), whose cybersecurity framework SEBI has proposed extending to their subsidiaries, include which of the following?
- Stock exchanges and depositories
- State Road Transport Corporations
- Municipal corporations
- Public sector banks only
Show answer
Answer: A — MIIs include stock exchanges, depositories and clearing corporations, which are central to India's securities market infrastructure.
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