Arthanomics Vittarth

Forex Reserves Hit Fresh All-Time High

This week’s #Arthanomics post is about the rise in the Forex reserves that have hit an all-time high.The sharp jump in #forexreserves is seen over the last nine months which started with the finance minister Nirmala Sitharaman’s announcement to cut corporate tax rates on September 20, 2019. Since then, forex reserves have raised to US$522630 Million (as on July 24, 2020)from US$ 461.16 Billion (January 3, 2020). The post talks about the growing trend, reasons for the rise, benefits, and the impact that it can have on the economy.

Credits: Abhishek Tomar, Deepali Bisht

0 comments on “Forex Reserves Hit Fresh All-Time High

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: