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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 1173
ANSWERED ON:  22.12.2017
Foreign Exchange Reserve
HARISH DWIVEDI
Will the Minister of



FINANCE be pleased to state:-


(a) the total Foreign Exchange Reserve in the country at present;

(b) whether the Government is making optimal use of the said foreign exchange reserve;

(c) if so, the details thereof; and

(d) if not, the reasons therefor?


ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PON. RADHAKRISHNAN)

(a) India’s Foreign Exchange Reserves (FER) as on 30th November 2017, in US dollars was 401.9 billion.

(b), (c) & (d) Foreign Currency Assets (FCA) are invested in new markets and asset classes within the framework of safety, liquidity and returns. These are invested in foreign securities and placed as deposits with BIS / central banks / overseas branches of commercial banks. The reserves are maintained in multi-currency portfolio of USD, GBP, EURO, JPY etc.
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