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Management of Foreign Exchange Reserves
What is the correct hierarchy of objectives that governs how RBI invests India's foreign exchange reserves?
The RBI prioritizes safety first, then liquidity, and finally returns when managing foreign exchange reserves.
What is the Currency and Gold Revaluation Account (CGRA) used for by RBI?
To absorb gains or losses from exchange rate and gold price movements.
Which institution is responsible for holding and managing India's foreign exchange reserves?
The Reserve Bank of India (RBI) holds and manages India's foreign exchange reserves.
Where are gains or losses on FCA and gold valuation booked under RBI's accounting framework?
Under a balance sheet head called Currency and Gold Revaluation Account.
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