1 Assistant Professor, Department of Economics, Atma Ram Sanatan Dharma College, Dhaula Kuan, University of Delhi, New Delhi, India.
2 Student, Delhi School of Economics, University of Delhi, New Delhi, India.
International Journal of Science and Research Archive, 2025, 14(01), 1129-1138
Article DOI: 10.30574/ijsra.2025.14.1.0156
Received on 08 December 2024; revised on 17 January 2025; accepted on 20 January 2025
The aim of this research paper is to analyse the impact of various components of foreign exchange reserves on foreign exchange reserves of 2023-24. Moreover, various statistical methods have been used to draw comparison and relationship between forex reserves and its components which are, correlation and regression analysis. This paper provides a robust understanding about the accumulation of forex reserves and composition of its various components ie., foreign currency assets, Gold, SDRs and Reserve Tranche Position in IMF. The major finding is that fall in the forex reserves in this financial year of 2023-24 due to valuation changes arising from appreciating U.S. dollar which was due to a major change in a component of forex reserves, foreign currency assets (FCA).
Foreign Exchange Reserves; SDRs; Foreign Currency Assets and Correlation and Regression Analysis; Forex reserves
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Appala Naidu Dhubireddi and Rohit Yadav. Foreign exchange reserves and its components in India: A comprehensive analysis. International Journal of Science and Research Archive, 2025, 14(01), 1129-1138. Article DOI: https://doi.org/10.30574/ijsra.2025.14.1.0156.
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