IBPS RRBs Officer Scale I and II 13 Sep 2015 Paper

(1) At the national banking summit organised by the IBA and FICCI in Mumbai in August 2015, DR. Rajan said India has $380 billion in forex reserves to be used as and when the need arises. Forex reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange.