Financial Times

What is Foreign Exchange Reserve? Foreign exchange reserves  are assets held on  reserve  by a central bank in  foreign currencies . These  reserves  are used to back liabilities and influence monetary policy. Forex Market In India The foreign exchange reserves touched a record high of US $434.6 billion as on October 1.While announcing fourth bi-monthly monetary policy, the RBI Governor Shaktikanta Das said as of October 1 the Forex kitty peaked to the record high.  Between April and October 1, the country's Forex reserves had increased by US $21.7 billion. FCA(Foreign currency Asset)  increased by US $4.944 billion to US $401.615 billion in the week ended September 27, the RBI said.Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves. The special drawing rights with the Internat...

In today's time, many company's and countries are investing in India, which is a very good sign for us. Relations in other fields is also becoming better.  Just few days ago, a news stats that Saudi Arabia is investing US $100 billion  in India in the fields of oil,gas and mining. As we know that, Saudi Arabia has been a big supplier of crude oil and LPG gas from the beginning. They produce almost  17% of Crude oil and 32% of LPG gas in a year around Globe. Saudi Arabia ambassador has said in his interview - "Saudi Arabia is looking at making investments in India potentially worth US $100 billion in the areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining." Oil and Gas Business in Saudi Arabia Saudi Arabia's biggest oil giant Aramco's proposed partnership with Reliance Industries Ltd reflected the strategic nature of the growing relations between both the nation's.  Saudi Aramco's propose...