Hybrid Classes
We provide offline, online and recorded lectures in the same amount.
Personalised Mentoring
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant
Topicwise Mindmaps
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
Quality Content
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.
Rupee's Internationalization The benefits and dangers of the internationalisation of the rupee were recently emphasised by a Reserve Bank of India (RBI) deputy governor. What is rupee internationalisation? The process of internationalising the rupee entails using it more frequently in cross-border transactions. It entails encouraging the use of the rupee in import and export trade as well as other current account transactions before moving on to capital account usage. The rupee is fully convertible in the current account but only partially convertible in the capital account. The two parts of the balance of payments are the current and capital accounts.…
28 October, 2022
Forex
Drop in Foreign Exchange Reserves The Reserve Bank of India (RBI) estimates that during the past 13 months, India's foreign exchange reserves have decreased by USD 110 billion. Forex Reserves: What Are They? Foreign currency holdings, such as bonds, treasury bills, and other government securities, are known as forex reserves and are assets held in reserve by central banks. The majority of the world's reserves are held in US dollars. Components: Foreign Currency Assets Gold reserves Special Drawing Rights Reserve position with the International Monetary Fund (IMF). Significance of Forex Reserves: Supporting and preserving confidence in the monetary and exchange…
10 October, 2022
Forex
FOREX RESERVE AND RUPEE’S EXCHANGE RATE Recently, there has been a fall in the rupee’s exchange rate (nearing 80 to a US Dollar), as well as a fall in the forex reserves. The relationship between the forex reserve and rupee exchange rate is: Exchange rate: It is the price of one currency in terms of another currency. Exchange rates can be either fixed or it can be floating. Fixed exchange rates are decided by the central banks of a country. Floating exchange rates are determined by the mechanism of market demand and supply. Rupee’s exchange rate: In the beginning, for every…
11 July, 2022
Forex
Foreign exchange reserves position as on 27 Jul 2021 India’s foreign exchange reserves position is comfortable in terms of import cover of more than 18 months and provides a cushion against unforeseen external shocks Whether the reserve funds are adequate to meet the international payment obligations, the ratio of forex reserves to total external debt stood at 101.2 per cent and short-term external debt to forex reserves stood at 17.5 per cent as at end-March 2021. The ratio of volatile capital flows (including cumulative portfolio inflows and outstanding short-term debt) to reserves was 67.0 per cent at end-December 2020. India is…
28 July, 2021
Forex
Forex Reserves of India Why in News? The country's foreign exchange reserves declined from USD 4.255 billion to USD 580.299 billion, the fall in reserves was due to a decline in the Foreign Currency Assets (FCA). What is the reason for forex rise/fall? Rise/Fall in Forex is mainly attributed to appreciation or depreciation of currencies in the basket. Expressed in dollar terms, FCA includes the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Reserve Bank of India Act and the Foreign Exchange Management Act, 1999 set the legal…
11 April, 2021
Forex
Copyright 2023 CLT TECHNOLOGIES AND EDU-PUBLISHERS PRIVATE LIMITED. All rights reserved.
24 × 7 Support : 8287714422
Whatsapp : 8010068998
Email Us: query@aspireias.com
