{"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 <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> 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 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> 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 Subscribe on YouTube decline in theforex reservesis partly due to theRBIinterventionin the currency markets to stave off volatility and partly on account of depreciation &#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\/\">Read more <span class=\"screen-reader-text\">Forex Reserves at $562.9 bn; Fall by $70 bn in<br \/>\n2022<\/span><\/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],"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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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 ... 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