{"id":5316,"date":"2017-08-21T09:55:56","date_gmt":"2017-08-21T09:55:56","guid":{"rendered":"https:\/\/sunkrish.com\/?p=5316"},"modified":"2017-08-22T05:48:00","modified_gmt":"2017-08-22T05:48:00","slug":"forex-reserves-in-india-set-to-hit-400-bn-mark-gain-strongest-in-asia-in-brief-all-you-need-to-know","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/08\/21\/forex-reserves-in-india-set-to-hit-400-bn-mark-gain-strongest-in-asia-in-brief-all-you-need-to-know\/","title":{"rendered":"Forex reserves in India set to hit $400 bn mark; gain strongest in Asia"},"content":{"rendered":"
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It already touched a new high of $393.61 billion as on August 11, 2017, and the pace of forex reserves accretion has been the strongest since 2005.<\/em><\/strong><\/span><\/figcaption><\/figure>\n

India\u2019s foreign exchange reserves are set to hit the $400-billion mark. It already touched a new high of $393.61 billion as on August 11, 2017, and the pace of forex reserves accretion has been the strongest since 2005.<\/p>\n

The gain in the country\u2019s forex reserves has been one of the strongest in Asia in the past 12 months.<\/p>\n

India remains among the top-ten countries in forex reserve position and has a comfortable import cover of 12 months, as against the norm of three months.<\/p>\n

India\u2019s forex reserves touched an all-time low of $5.8 billion at end of March 1991, which could barely finance three weeks\u2019 worth of imports.<\/p>\n

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\"\"It led the Centre to airlift national gold reserves as a pledge to the IMF in exchange for a loan to cover balance of payment debts.<\/p>\n

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The rise in forex reserves has been because of robust foreign direct and institutional investment flows, which made the rupee appreciate over 6% since January this year.<\/p>\n

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As a result of high forex reserves, the Economic Survey volume 2 has highlighted that most reserve-based external sector vulnerability indicators have improved.<\/p>\n

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Source: http:\/\/www.financialexpress.com\/opinion\/forex-reserves-in-india-set-to-hit-400-bn-mark-gain-strongest-in-asia-in-brief-all-you-need-to-know\/814706\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s foreign exchange reserves are set to hit the $400-billion mark. It already touched a new high of $393.61 billion as on August 11, 2017, and the pace of forex reserves accretion has been the strongest since 2005. The gain … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,497,493,5],"tags":[305,304,433,396,367],"class_list":["post-5316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-economy","tag-foreign-direct-investment","tag-forex","tag-international-monetary-fund-imf","tag-reserve-bank-of-india-rbi"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=5316"}],"version-history":[{"count":7,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5316\/revisions"}],"predecessor-version":[{"id":5341,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5316\/revisions\/5341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3002"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=5316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=5316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=5316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}