Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

15 Years of Indian Forex Reserves – Historical Chart

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International Forex reserves are used to settle balance of payments deficits between countries. International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF.

Forex Reserves

 

Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs).A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.

Indian FOREIGN EXCHANGE RESERVES (in million U.S. dollars)

 Jan 2013Jan 2012Jan 2011
Foreign currency assets262,276261,062258,801
GOLD27,22027,22026,620
SDRs4,4334,4014,410
Reserve Tranche Position 2,3242,307 2,694
Total296,252 294,990 292,525

Special drawing rights (SDRs) are international reserve assets created by international Monetary Fund to supplement other reserve assets that periodically have been allocated to IMF members in proportion to their respective quotas. SDRs are not considered liabilities of the Fund, and IMF members to whom SDRs are allocated do not incur actual (unconditional) liabilities to repay SDR allocations.

The fund determines the value of SDRs daily by summing, in USA dollars, the values of a weighted basket of currencies. The weight and baskets are subject to revision from time to time. SDRs can be used to acquire other member’s currencies (foreign exchange), to settle financial obligations, and to extend loans.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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2 Replies to “15 Years of Indian Forex Reserves – Historical Chart”

  1. hello,
    will u please help me
    1. can any one trade forex with alpari or any other sevice provider by depositing inr not converting dollar in india and in any currency , please be brief
    2. corporate means any private limited and public limited company can trade in forex and how
    THANK YOU

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