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An Analysis of Foreign Exchange Reserves in India Since 2001-2018
An Analysis of Foreign Exchange Reserves in India Since 2001-2018
• Gold played a central role in the international monetary system until the
Gold Reserves collapse of the Bretton Woods system of fixed exchange rates in 1973
Reserve Tranche • It is the component of a country’s quota with the IMF that in the form of
Position gold or foreign currency
• The data for this study was collected from the time period 2001
Period of study to 2018
252
250
199.2
200
151.6
150 141.5
113
100
50
0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
years
foreign reserve
Reasons behind the surge in India’s Forex
Reserves
Narrowing
Narrowing
Favourable BOP Current
trade deficit
Account Deficit