Why shall RBI hoard 500 billion forex – SEBI Grade A & RBI Grade B 2020
In this video Chandraprakash Joshi (ex AGM RBI) explains
How forex is generated in the economy?
What are the benefits of high reserves?
How much forex is enough?
Question & Answer for RBI Grade B 2020 and SEBI Grade A 2020 exam?
India’s foreign exchange reserve (Forex) has crossed $500 billion first time Is large reserve good for India? What are the advantages and how this money can be used?
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# important news
Forex in Balance sheet of RBI
India’s Forex reserves Journey
Sources of forex reserves
Current account balance
Difference between imports and exports of country
Exports bring in forex and imports lead to outflow of forex
A declining CAD will add to the forex reserves
Capital account balance
Foreign investment in form of FDI and FPI and other banking flows like ECB, external assistance, etc.
Net inflow of FDI or FPI will add to forex reserves
Forex reserves provide cushion against external shocks
How much forex reserve is adequate for India?