Foreign Exchange Reserve and its Impact on Currency Rate: Prospective of Indian Rupees

Abstract

The Research titled “Foreign exchange reserve and its impact on currency rate: prospective of Indian Rupees” is the biggest learning from the research work as this helped me to understand the role of Foreign Reserves and its benefits in the today’s world. This paper is primarily concerned with an analysis of the growth and trends in the foreign exchange reserves of India. It is based on secondary data and the data reliable for analysis are collected from handbook of statistics on Indian economy and the website of Reserve Bank of India. The study covers the period of 1 year that is 2020 – 21. The analysis of the data reveals that foreign exchange reserves have significantly changed over the years. All the indicators noticed notable growth rate during the period under review. From the overall analysis showed that India holds adequate level of foreign exchange reserves. The major task assigned during the research was as follows: To find Correlation between INR vs. Foreign Exchange Reserve.