https://www.taxtmi.com/news?id=17408 Management of foreign exchange reserves focuses on preserving purchasing power, minimizing risk and volatility, and maintaining liquidity. The reserves include foreign currency assets, gold, SDRs and the IMF reserve tranche; their level largely reflects Reserve Bank of India intervention to stabilise the rupee. The Reserve Bank holds FCAs in major convertible currency instruments-deposits with central banks, the BIS, top rated commercial banks, and sovereign and supranational debt securities-while the Government and RBI coordinate monitoring and policy responses. en-us Fri, 03 Feb 2017 18:23:29 +0530 Fri, 03 Feb 2017 18:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17408 Management of foreign exchange reserves focuses on preserving purchasing power, minimizing risk and volatility, and maintaining liquidity. The reserves include foreign currency assets, gold, SDRs and the IMF reserve tranche; their level largely reflects Reserve Bank of India intervention to stabilise the rupee. The Reserve Bank holds FCAs in major convertible currency instruments-deposits with central banks, the BIS, top rated commercial banks, and sovereign and supranational debt securities-while the Government and RBI coordinate monitoring and policy responses. News - Fri, 03 Feb 2017 18:23:29 +0530 https://www.taxtmi.com/news?id=17408