You can get all the data from here
http://www.4xindia.com
www.rbi.org.in
Nishit kumar jha contect-09717581602
Forex reserve or Foreign exchange reserves are only the foreign currency deposits and bonds held by central banks and monetary authorities. A country needs Foreign exchange reserves as it is important indicator of nation's ability to repay foreign debt and also for currency defense. It is also used to determine credit ratings of nations.
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data on indias current account balance for period 2001-2006
1. capital account balance and forex reserves for the period 2001-2006 and list the major features.
Collect data on India's current account balance capital account balance and forex resevers for a period 2001-2006?
In order to support its currency.
pls send answer
Forex reserves are financial assets in diverse foreign currencies, held by central banks and monetary authorities of countries. Most countries maintain their Forex reserves in the major currencies like the dollar, yen, pound, gold, e.t.c. The essence of the reserve is to shield or backup liabilities or form of savings, which generates interest.See: en.wikipedia.org/wiki/Foreign-exchange_reserves
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits held by central banks and monetary authorities. However, the term foreign exchange reserves in popular usage (such as this list) commonly includes foreign exchange and gold, SDRs and IMF reserve position as this total figure is more readily available, however it is accurately deemed as official reserves or international reserves.
please send the answer to enable me submit the assignment to ignou MBA programme
Nishit kumar jha contect-09717581602
Forex reserve or Foreign exchange reserves are only the foreign currency deposits and bonds held by central banks and monetary authorities. A country needs Foreign exchange reserves as it is important indicator of nation's ability to repay foreign debt and also for currency defense. It is also used to determine credit ratings of nations.
Well......! Every countries needs to keeps some foreign exchange or so called FOREX. The main purpose for keeping FOREX are for export and import, tourism industries and the most important for balancing of economy. SDR is that currency issued by the IMF to facilitate international liquidity. SDR in FOREX reserves is that when a country face economic depression and its currency value decrease then that very country sell its SDR to pay its dept, to carry import and export and to increase the value of its currency
India holds ninth position in terms of foreign-exchange reserves as of may 2012.