FOREIGN EXCHANGE MANAGEMENT

With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.


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Date : May 21, 2019
32nd Half Yearly Report on Management of Foreign Exchange Reserves: October-March 2018-19

The Reserve Bank of India has today released the 32nd half yearly report on management of foreign exchange reserves with reference to end-March 2019.

The position of foreign exchange reserves as on May 10, 2019 is as under:

US $ Billion
Foreign Exchange Reserves (i+ii+iii+iv) 420.0
i. Foreign Currency Assets (FCA) 392.2
ii. Gold 23.0
iii. Special Drawing Rights (SDR) 1.4
iv. Reserve Tranche Position (RTP) 3.3

It may be recalled that in February 2004, the Reserve Bank had started a process of compiling half yearly reports and placing them in the public domain for bringing about more transparency and enhancing the level of disclosure in relation to management of the country’s foreign exchange reserves.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/2728


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