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What is Forex 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.
Who can trade in Indian Rupees?
Most banks in India will exchange Rupees. Some foreign banks and money changers will also exchange.
What do you mean by foreign exchange?
Foreign Exchange is Exchange between two currency.
How can you obtain money exchange licence in India for small money exchange of the tourists?
Can any one tell me what is the process to get a RBI license for setting up a small Money Exchange to buy and sell foreign exchange.
What increase the commercial bank's reserve?
foreign reserves
What is the rank of India in foreign exchange forex reserve?
India holds ninth position in terms of foreign-exchange reserves as of may 2012.
Which country has largest stock of foreign exchange reserves in the world?
China's foreign exchange reserves is $2.13 trillion
What is Forex 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.
What has the author I H Kilato written?
I. H. Kilato has written: 'Foreign exchange management' -- subject(s): Foreign exchange administration, Foreign exchange reserves
What do you mean by Custodian of foreign exchange reserve?
the central bank maintains foreign exchange reserves in order to promote international trade and stabilise exchange rates
Why do a nation need forex reserves?
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.
What kind of economic impact does taj mahal have on India?
The Taj Mahal is place visited by a lot of tourists. Many foreigners visit India to see the Taj. This effects the foreign reserves of our country as they buy tickets is dollars they have to exchange dollars for rupees in India to stay. As they stay in Hotels, buy stuff, need transport to move around, they have to exchange dollars which increases our foreign reserves. And this results in the increase of the value of rupee. Thank You.. Hope was able to help. :) -R
What are the foreign exchange reserves of India as on today?
$229 billion USD as of August 24, 2007. Visit the following URL for details and more current information. http://en.wikipedia.org/wiki/Foreign_exchange_reserves#Levels
Effective utilisation of foreign exchange resources in India?
answer the question
India earns the maximum foreign exchange through export of?
Tea
Why is it that countries like the USA don't have foreign exchange reserves and what are the guidelines and disclosure norms for managing foreign exchange reserves?
The USA does have foreign exchange reserves. Their latest holding for November 2007 is $45.973 B and is published at http://www.federalreserve.gov/releases/bulletin/1207assets.htm The USA also has Special drawing rights of $9,536 B on the International Monetary Fund (IMF) and determined by the IMF by a weighted average of exchange rates for the currencies of various member countries. There are also holdings of gold and positions in the IMF to give total US reserve assets of $ 71 B.
What has the author A E Jasay written?
A. E Jasay has written: 'Making currency reserves \\' -- subject(s): Foreign exchange
