https://www.taxtmi.com/news?id=4794 Foreign exchange reserves remained broadly stable over the fiscal months cited, showing only a marginal increase from March to end December and providing about seven months of import cover. Reserves consist of foreign currency assets, gold, special drawing rights and the IMF reserve tranche position, and their level is largely the result of Reserve Bank of India intervention to smooth exchange rate volatility and valuation changes due to movements of the US dollar against other major currencies. en-us Wed, 27 Feb 2013 13:53:16 +0530 Wed, 27 Feb 2013 13:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4794 Foreign exchange reserves remained broadly stable over the fiscal months cited, showing only a marginal increase from March to end December and providing about seven months of import cover. Reserves consist of foreign currency assets, gold, special drawing rights and the IMF reserve tranche position, and their level is largely the result of Reserve Bank of India intervention to smooth exchange rate volatility and valuation changes due to movements of the US dollar against other major currencies. News - Wed, 27 Feb 2013 13:53:16 +0530 https://www.taxtmi.com/news?id=4794