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  Published Paper Details:

  Paper Title

TREND, GROWTH, AND PERFORMANCE OF COMPONENTS OF FOREIGN EXCHANGE RESERVE IN INDIA

  Authors

  Kaleeshwari.S,  Dr.M.Jegadeeshwaran

  Keywords

Forex reserve, Components, Trend, Growth, and Performance

  Abstract


Indian total foreign exchange reserve stands at around 634.28 billion, the biggest contributor to this reserve is foreign currency assets followed by the gold, SDR, and reserve with the international Monetary Fund. 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. It includes any foreign money held by a central bank, such as the U.S.federal reserve bank. The rising forex reserve is seen as an element of comfort for the government and the reserve bank of India by helping it manage its external and internal financial issues. The surging rising reserve help to cover its import bill and also aid the rupee to strengthen against the dollar. The foremost advantage of the forex serves is in meeting the international financial obligations including sovereign and commercial debts, financing of imports. It helps in boosting the confidence of the market in the ability of a country to meet its external obligations. Taking this note this becomes vital to know the importance of components of foreign exchange reserve and its trend and growth of components and its performance in contributing to the rise in foreign exchange reserve with the use of Descriptive statistics along with trend and growth analysis and it can be concluded as components are the major contributors in rising and maintaining forex in country.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2204302

  Paper ID - 218165

  Page Number(s) - c583-c595

  Pubished in - Volume 10 | Issue 4 | April 2022

  DOI (Digital Object Identifier) -    http://doi.one/10.1729/Journal.29938

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Kaleeshwari.S,  Dr.M.Jegadeeshwaran,   "TREND, GROWTH, AND PERFORMANCE OF COMPONENTS OF FOREIGN EXCHANGE RESERVE IN INDIA", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.10, Issue 4, pp.c583-c595, April 2022, Available at :http://www.ijcrt.org/papers/IJCRT2204302.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


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ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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