https://www.taxtmi.com/news?id=11078 The press release reports the composition and levels of foreign exchange reserves and attributes those levels to central bank intervention to smooth exchange rate volatility, valuation effects from US dollar movements, and inflows including aid receipts; it further explains that rising import bills are typically financed by export earnings, invisible receipts and capital flows. en-us Fri, 26 Apr 2013 18:22:44 +0530 Fri, 26 Apr 2013 18:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11078 The press release reports the composition and levels of foreign exchange reserves and attributes those levels to central bank intervention to smooth exchange rate volatility, valuation effects from US dollar movements, and inflows including aid receipts; it further explains that rising import bills are typically financed by export earnings, invisible receipts and capital flows. News - Fri, 26 Apr 2013 18:22:44 +0530 https://www.taxtmi.com/news?id=11078