India's foreign exchange reserves reached a peak of $ 457.468 billion.

India's foreign exchange reserves reached a peak of $ 457.468 billion.

India's foreign exchange reserves increased by $ 2.52 billion to reach its all-time high of $ 457.468 billion during the week ended December 27. India ranks 8th in the list of countries with the highest foreign exchange reserves in the world, China ranks first in this list.

Foreign exchange reserves

It is also called forex reserves or reserves of foreign exchange reserves in the balance of payments are called 'reserve assets' and are held in the capital account. They are an important part of a country's international investment position. This should include only foreign rupees, foreign bank deposits, foreign treasury bills, and short-term or long-term government assets, but includes special withdrawal rights, reserves of gold and reserves of the International Monetary Fund. It is more appropriate to call it an official international repository or international repository.

Foreign exchange reserves on December 27, 2019

Foreign Exchange Assets (FCA): $ 424.93 billion

Gold Reserve: $ 27.39 billion

SDR with IMF: $ 1.44 billion

Reserve position with IMF: $ 3.70 billion