what is FOREX [foreign exchange] Reserves??
 
        What is Forex Reserves.               I t's under Central bank  or other monetary authority that are primarily available to balance payments of the country. This is an external assets of the country. This is  cash and other reserve assets. It influences the foreign exchange rate  of its currency and maintain confidence in financial markets.                    M ost nations hold the vast majority of their foreign currency reserves in  U.S Dollars  followed by Euros .                                 F oreign currency reserves are crucial to a nation's economic well-being. Without enough reserves country may be unable to pay for critical imports in critical situation; such as crude oil etc.                I n 1991; we had only so  forex reserves  that was enough  fo...
 
