{"id":3520,"date":"2024-06-14T00:11:23","date_gmt":"2024-06-14T00:11:23","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3520"},"modified":"2024-06-14T00:11:23","modified_gmt":"2024-06-14T00:11:23","slug":"forex-reserves-at-562-9-bn-fall-by-70-bn-in2022","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/forex-reserves-at-562-9-bn-fall-by-70-bn-in2022\/","title":{"rendered":"Forex Reserves at $562.9 bn; Fall by $70 bn in\n2022"},"content":{"rendered":"<p><strong>Indias <a href=\"https:\/\/exam.pscnotes.com\/foreign-exchange\">Foreign Exchange<\/a> reserves<\/strong>fell by $70.1 billion in 2022, data released by the<strong>Reserve <a href=\"https:\/\/exam.pscnotes.com\/bank-of-india\">Bank Of India<\/a> (RBI)<\/strong>shows. The forex reserves stood at $562.9 billion in the week ended December 30. The decline in the<u><\/u><strong>forex reserves<\/strong>is partly due to the<strong>RBIintervention<\/strong>in the currency markets to stave off volatility and partly on account of depreciation of other major currencies held by the central bank. The RBI net sold $33.42 billion till September,<strong>Union finance minister Nirmala Sitharaman<\/strong>said. The RBI holds major currencies including<strong>pound sterling, yen and euro<\/strong>in its reserves, which are expressed in US dollar terms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indias Foreign Exchange reservesfell by $70.1 billion in 2022, data released by theReserve Bank Of India (RBI)shows. The forex reserves stood at $562.9 billion in the week ended December 30. The decline in theforex reservesis partly due to theRBIinterventionin the currency markets to stave off volatility and partly on account of depreciation of other major &#8230; <a title=\"Forex Reserves at $562.9 bn; Fall by $70 bn in\n2022\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/forex-reserves-at-562-9-bn-fall-by-70-bn-in2022\/\" aria-label=\"Read more about Forex Reserves at $562.9 bn; Fall by $70 bn in\n2022\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[880],"class_list":["post-3520","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-18-19-12-22"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex Reserves at $562.9 bn; Fall by $70 bn in 2022 - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/forex-reserves-at-562-9-bn-fall-by-70-bn-in2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex Reserves at $562.9 bn; Fall by $70 bn in 2022\" \/>\n<meta property=\"og:description\" content=\"Indias Foreign Exchange reservesfell by $70.1 billion in 2022, data released by theReserve Bank Of India (RBI)shows. 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