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Foreign Currency Assets (FCA)

Foreign Currency Assets (FCA) FCAs are assets that are valued based on a currency other than the country's own currency. FCA is the largest component of the forex reserve. It is expressed in dollar terms. The FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Special drawing rights (SDR) The SDR is an international reserve asset, created by the IMF in 1969 to sup

Thrissur Pooram

Thrissur Pooram For the first time since its inception, Thrissur Pooram will be observed with rituals within the temple premises with just a few participants. This was done in the wake of the lockdown to prevent the spread of Covid-19. Thrissur Pooram is an annual Hindu festival held in Kerala. It is celebrated on the day when the star sign “Pooram” occurs in the Malayalam month of “medam (April-May)”. The festival was t

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