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.
You can get all the data from here http://www.4xindia.com www.rbi.org.in
Nishit kumar jha contect-09717581602
Gold reserves are part of the economic strength which gives the cover for paper money - but not by law - this was cancelled for most countries
Forex is the only way to get more money.
Banks in need of reserves can borrow funds from either the Federal Reserve or in the federal funds market.
In order to support its currency.
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
1. capital account balance and forex reserves for the period 2001-2006 and list the major features.
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.
Forex reserves are a country's financial safety net - like a giant piggy bank of foreign currencies. They help stabilize the economy and boost confidence. Strong reserves give flexibility to weather economic storms and attract international business, supporting growth and stability.
You can get all the data from here http://www.4xindia.com www.rbi.org.in
Wyoming has the most coal reserves in the United States. The Powder River Basin in Wyoming is the largest coal mining region in the country and holds a significant portion of the nation's coal reserves.
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
Forex is tax-free and forex traders do not need to pay tax. Keep all your money for yourself.
The Bigstone Cree have six reserves established in northern Alberta, Canada.
India holds ninth position in terms of foreign-exchange reserves as of may 2012.
Kazakhstan is the CIS nation with the largest oil reserves. It is estimated to have significant oil reserves in the Caspian Sea region.