Indian Economic Calendar - Indian FX Reserves

Indian Economic Calendar - 

Indian FX Reserves

International reserves are used to settle balance of payments deficits between countries. 

International reserves are made up of foreign currency assets, gold, holdings of SDRs and reserve position in the IMF.

Usually includes foreign currencies themselves, other assets denominated in foreign currencies, and particular amount of special drawing rights (SDRs). 

A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate.

A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.