January 2022

UPSC

Importance of Increasing Foreign Exchange Reserves: UPSC Daily Important Topic | 23 January 2022

Importance of Increasing Foreign Exchange Reserves •The government is in a comfortable position if there are rising forex reserves and the RBI in managing India’s external and internal financial issues at a time of major contraction (23.9%) in economic growth. •It Assist the government in meeting its foreign exchange needs and external debt obligations. •Appreciation

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