m.timesofindia.com
did history stop in 2012 ?If it wasn’t for Indians begging for foreign aid they would be one of the more poorer countries in the world
India top recipient of US economic aid - Times of India
US News: India has been identified as the largest recipient of U.S economic assistance over a 66-year period in inflation-adjusted dollars although Washington'
The country's foreign exchange reserves swelled by $5.412 billion to touch an all-time high of $560.532 billion in the week ended October 23, RBI data showed on October 30. In the previous week ended October 16, the reserves stood at $555.12 billion after increasing by $3.615 billion.
During the reporting week, the surge in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves. FCA rose by $5.202 billion to $517.524 billion, the RBI's weekly data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were up by $175 million in the reporting week to $36.860 billion, as per the central bank data.
The special drawing rights with the International Monetary Fund (IMF) rose by $8 million to $1.487 billion. The country's reserve position with the IMF also climbed by $27 million to $4.661 billion during the reporting week, the data showed.
India's forex reserves surge $5.4 billion to all-time high of $560.532 billion
During the reporting week, the surge in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves.www.moneycontrol.com
The amount has only grown since then
New Recruit
www.news18.com
I think most of it is FII in our exchanges.
RBI stopped interfering too much after the Federal Reserve put us in the watch list of Currency manipulators.
When did that happen ? Trump's parting gift.
Well, Federal reserve has grown a bit conservative under Trump for sure. But I think it was a natural mechanism that triggered. But yeah, it was a parting gift by Trump I'm not sure the Biden admin wants to remove it. Let's see how the policy is going to be under the new admin.
