TaxTMI 
TaxTMI 
India’s Foreign Exchange Reserves Increase
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....ndia’s Foreign Exchange Reserves Increase <br>News and Press Release<br>Dated:- 9-7-2014<br><BR>The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun ....
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....Jaitley, has noted that India's foreign exchange reserves increased from US $ 292.0 billion at end March 2013 to US $ 304.2 billion at end march 2014. The Survey underlined that India continues to be ....
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....one of the countries that have sizeable foreign exchange reserves particularly considering that some of the other major reserve holders are nations with large current account surpluses. Intervention i....
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....n the foreign exchange markets by the RBI so as to manage the exchange rate of the rupee and guard against volatility without targeting a specific rate is behind the accumulation of reserves generally....
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..... In the specific context of developments in 2013-14, the intervention was to provide a measure of comfort against the elevated levels of vulnerability indicators which are expressed as proportions of....
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.... reserves.<BR> News - Press release - PIB....