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India's Forex reserves
January 6 , 2020
1809 days
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- India's foreign exchange reserves touches a record high of 457.468 billion USD in the week ended on 27th December 2019.
- India's foreign exchange reserves are mainly composed of US dollar in the forms of US government bonds and institutional bonds with nearly 6% of forex reserves in gold.
- The Foreign Currency Assets also include investments in US Treasury bonds, bonds of other selected governments and deposits with foreign central and commercial banks.
- India is at 7th position (December 2019) in List of countries by foreign-exchange reserves, just below Republic of China (Taiwan).
- Composition
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- Foreign currency assets - 424.936 billion USD
- Gold reserves - 27.392 billion USD
- Special Drawing Rights with the International Monetary Fund - 1.441 billion USD
- country's reserve position in the IMF - 3.7 billion USD
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