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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.
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What are Forex Reserves?
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
When was Forex Bank created?
Forex Bank was created in 1927.
What is a forex cover?
I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.
The word Forex is short for?
Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.
Where can the best Forex software be bought?
The best, most up-to-date Forex software can be found online at Forex SB and Software Forex. The software can also be found at FX Street and Leverage FX.
Why does a nation need forex reserves?
In order to support its currency.
What are Forex Reserves?
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
What are India's account balances and major features of their account balance and capital account balance and Forex reserves for 2001 to 2006?
1. capital account balance and forex reserves for the period 2001-2006 and list the major features.
What is forex reserve?
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.
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.
India's forex reserves the period 2001-2006?
You can get all the data from here http://www.4xindia.com www.rbi.org.in
What are special drawing rights in forex 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
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.
Collect data on India's current account balance capital account balance and forex reserves for the period 2001-2006?
Collect data on India's current account balance capital account balance and forex resevers for a period 2001-2006?
Collect data on India's current account balance capital balance account and forex reserves for the period 2001-2006 and list the major features?
pls send answer
India's current account balancecapital account balance and forex reserves for the period 2001-2006 and list the major features?
please send the answer to enable me submit the assignment to ignou MBA programme
Collect data on India's current account balance capital account balance and forex reserves for the period 2001-2006 and list the major features?
Nishit kumar jha contect-09717581602
