( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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FOREIGN EXCHANGE RESERVE MANAGEMENT IN INDIA

    2 Author(s):  DR ADITI SHARMA , ANIL YADAV

Vol -  5, Issue- 2 ,         Page(s) : 852 - 855  (2014 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Foreign-exchange reserves (also called forex reserves or FX reserves) are assets held by central banks and monetary authorities, usually in different reserve currencies, mostly the United States dollar, and to a lesser extent the Euro, the Pound sterling, and the Japanese yen, and used to back its liabilities, e.g., the local currency issued, and the various bank reserves deposited with the central bank, by the government or financial institutions.

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