Foreign Exchange Reserves: UPSC Daily Important Topic | 22 January 2022
Foreign Exchange Reserves:
✓ Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies, which can include bonds, treasury bills and other government securities.
✓ It needs to be noted that most foreign exchange reserves are held in US dollars.
✓ India’s Forex Reserve include:
• Foreign Currency Assets
• Gold reserves
• Special Drawing Rights
• Reserve position with the International Monetary Fund (IMF).
Take Mock Tests
| Government Schemes Mock Test | Start Test! |
| Political Science Mock Test – 42 | Start Test |
| History Test – 190 | Start Test |
| Quantitative Aptitude Test | Start Test! | Data Interpretation - Mock Test | Start Test! |
| General Awareness - Mock Test | Start Test! |
| Reasoning Ability - Mock Test | Start Test! |