theIASHub | 30 Mar, 2024
Context: India's forex reserves have scaled to a historic pinnacle, reaching an impressive $642.463 billion as on March 2024, marking a significant milestone for the country's economic landscape.
INDIA'S FOREX RESERVES
oForeign Currency Assets: Largest component, constituting more than 80% of the total portfolio.
üIndia heavily invests in US treasury bills, with about 75% of foreign currency assets in dollar-denominated securities.
üTreasury bills of foreign countries > Deposit in foreign central banks > Deposit in commercial banks abroad.
oGold Holdings: Represents physical gold reserves held by the central bank. 2nd largest component.
oSpecial Drawing Rights SDRs: International reserve assets allocated by the International Monetary Fund (IMF).
üSupplemented to member countries' official reserves.
üThe SDR is not a currency, but its value is based on a basket of five currencies—the US dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.
oReserve Tranche Position: Portion of a country's IMF quota available for immediate use without conditions.
üProvides liquidity support during financial crises or balance of payments deficits.
üSmallest component.
Refine your answer writing skills and elevate your UPSC preparation with personalized support and expert feedback.
Fill out the form to get started with the program or any other enquiries !
Are you dreaming of becoming an IAS officer? Then, IAShub can be your best guide. It is one of the Best IAS Coaching in Delhi. Many students who want to clear the UPSC exam join IAShub for learning. The institute gives both online and offline classes. Their teachers are experienced and helpful. They easily explain every topic. Students also get notes, tests, and tips to do well in the exam.
IAShub is in Delhi and is trusted by many UPSC students. It offers coaching for every part of the UPSC exam – Prelims, Mains, and Interview. The classes are simple and easy to understand. The teachers are experts and guide students in the right way. IAShub is also known for its helpful notes, test series, and answer-writing practice. IAShub is the best coaching in Delhi and also gives UPSC Online Classes. This helps students from any place in India to learn. The online classes are live and also recorded. So, students can watch them anytime. These classes cover the full UPSC syllabus.
Here are some important services provided by IAShub:
The UPSC Civil Services Exam has three parts:
This exam is tough, but with the right guidance, it becomes easy to manage. Students must study smart and stay regular.
IAShub supports students from the beginning to the end. It gives the right books, tests, and notes. The classes are easy to follow, and the teachers are always ready to help. Students get personal doubt sessions too. The test series and answer checking help students learn where they need to do better. Also, free study materials save time and money.
IAShub also guides students during the final stage – the interview. Experts take mock interviews and give useful tips. This full support makes IAShub one of the best IAS coaching in Delhi.
Detailed Solutions & Explanations
Improve Your Answer Writing & Strategy
