Tag: Foreign Exchange Reserves

Decline in the Value of Gold Reserve of RBI

The value of gold reserves with the Reserve Bank of India (RBI) has dropped 29% after international gold prices crashed last week following speculation that Cyprus may sell its gold reserves to rein in its ballooning fiscal deficit. The value…

Foreign Exchange Reserves & Gold Reserves

Reserve could be defined as external assets that are readily available to and controlled by monetary authorities for direct financing of external payments imbalances, for indirectly regulating the magnitudes of such imbalances through intervention in exchange markets to affect the…