| Description |
1 online resource (15 pages) : tables |
| Summary |
India's forex reserves consist mainly of US government treasury bills, i.e. assets denominated in US dollars; treasury bills of other developed countries denominated in Euros, and in Yen; and gold and Special Drawing Rights with the IMF. In 2004, India's forex reserves were worth $122 billion. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission proposed that the foreign exchange reserves could be used for social sector lending and building infrastructure. Till 1991, India followed a fixed exchange rate system. Under this system, there was a need for a high level of reserves |
| Notes |
Title from resource description page (viewed June 17, 2016) |
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Case code: MEBE0029 |
| Bibliography |
Includes bibliographical references |
| Notes |
In English |
| Subject |
Foreign exchange reserves -- India -- Case studies
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International economic relations -- Case studies
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Foreign exchange reserves.
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International economic relations.
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India.
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| Genre/Form |
Case studies.
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| Form |
Electronic book
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