Insta
India’s Gold Reserves Jump 12 Per Cent In Past Two Months; Forex Reserves Reach All-Time High Of $481 Billion
Gold bars (istara/Wikimedia Commons)
In a vital development, the nation’s forex reserves jumped to an all-time high of $481 billion from the previous week’s $476 billion, reports Financial Express.
It should also be noted that the nation’s gold reserves have witnessed a surge of more than 12 per cent over the past two months, shooting up from December 2019’s figure of $27.4 billion to $30.7 billion at the end of February.
The surge in the nation’s forex reserves significance as they serve as back funds in times of emergencies and contingencies. These are also used to maintain liquidity in the times of an economic crisis, or a foreign obligation.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
