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... forex reserves and had 3 years of current account surplusReserve bank of India ( RBI ) has to maintain forex reserves in order to meet any external shocks which may occur in case of.
India's Economic SystemForex reserves in India have risen by 6 percent in the past 12 months unlike in other emerging countries where they have been declining due to currency depreciation.
Gold is the last resort for any central bank in the event of a crisis or depletion of its reserves.The Reserve Bank of India had Issued the guidelines to all residents,.India will take a cue from China, if it has to compete with China.The central bank in India is called the Reserve Bank of India.
Forex reserves of India as on 8 August 2014 Forex reserves of India as ...
Offshore Bank Accounts
Indian currency (Indian Rupee, INR) in forex. The Reserve Bank of India is responsible for controlling the distribution of the currency.