{"id":8505,"date":"2019-07-27T16:06:41","date_gmt":"2019-07-27T10:36:41","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=8505"},"modified":"2019-07-27T16:06:41","modified_gmt":"2019-07-27T10:36:41","slug":"stable-rupee-lower-oil-prices-push-forex-reserves-to-all-time-high","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/stable-rupee-lower-oil-prices-push-forex-reserves-to-all-time-high\/","title":{"rendered":"Stable rupee, lower oil prices push forex reserves to all-time high"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>According to the government data,India\u2019s foreign exchange reserves has reached an all-time high of $430.37 billion till July 19,2019.<\/li><li>This surge in the foreign currency reserves was aided by the Recently conducted currency swaps worth $10 billion by the Reserve Bank of India.<\/li><li>Further,the inflows have also come on the back of a stable rupee and relatively lower crude oil prices.<\/li><li><strong>Foreign exchange reserves <\/strong>are assets held on reserve by a central bank in foreign currencies.These reserves are used to back liabilities and influence monetary policy.<\/li><li>These assets serve many purposes but are most significantly held to ensure that a central government agency has backup funds if their national currency rapidly devalues or becomes altogether insolvent.<\/li><li>The Foreign exchange reserves of India consists of four categories which are (a)Foreign Currency Assets (b)Gold (c)Special Drawing Rights(SDRs) and (d)Reserve Tranche Position.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>According to the government data,India\u2019s foreign exchange reserves has reached an all-time high of $430.37 billion till July 19,2019. This surge in the foreign currency reserves was aided by the Recently conducted currency swaps worth $10 billion by the Reserve Bank of India. Further,the inflows have also come on the back of a stable rupee&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/stable-rupee-lower-oil-prices-push-forex-reserves-to-all-time-high\/\">Continue reading <span class=\"screen-reader-text\">Stable rupee, lower oil prices push forex reserves to all-time high<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3720],"class_list":["post-8505","post","type-post","status-publish","format-standard","hentry","category-economy","tag-foreign-exchange-reserves","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704739619},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=8505"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8505\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=8505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=8505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=8505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}