Gold Reserves

Source:  DD News Context: India’s total gold reserves held by the Reserve Bank of India (RBI) amount to 854.73 metric tonnes, according to the central bank’s latest report. India’s Gold Reserve Status: Total Gold Reserves: 854.73 metric tonnes, with 510.46 metric tonnes held domestically and 324.01 metric tonnes stored at the Bank of England and …

Rising forex reserves and its importance

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Rising forex reserves and its importance What to study? For Prelims: Components of Forex reserves. For Mains: Rising forex- reasons, significance and how to utilise it? Context: Amid pandemic, India’s foreign exchange reserves are rising and are slated to …