Forex Reserves: Country’s treasure beyond $ 648 billion, know why this good news is for common man

News India Live, Digital Desk: Forex Reserves: These days whenever we open TV or read newspapers, there are reports of tension, fight and uncertainty between Iran and Israel. In such an environment, there is a concern in the mind that it will affect the world and our country.

But amidst this concerned environment, there has been a news for India which is no less than a ‘security shield’. This news is about data, but it affects all of us.

India’s ‘government treasury’, which we call foreign exchange reserves, have reached a new and historical level. This now $ 648.56 billion dollars It is done.

What is this ‘treasure’ and why is it necessary for us?

Understand this from the budget of your home. Just like we save some money for difficult times, so that it can be used when any trouble comes, in the same way it is the savings of the country. This treasure consists of dollars, gold and other foreign currency.

This ‘security shield’ does three big things for us:

1. Hands the money: When the rupee is weak against the dollar, the RBI tries to handle the rupee by selling the dollar from this treasure, causing inflation to control.

2. Helps buying essential goods: We have to pay other countries in dollars for many important goods from petrol-diesel. This treasure ensures that we always have enough dollars, irrespective of the world.

3. The world’s trust increases: When the world sees that India’s treasure is full, the confidence of foreign companies to invest in our country increases, which creates jobs and gives impetus to the economy.

This news is not just a figure. This is evidence that despite the global turmoil, the foundation of India’s economy is strong. This is a strength that helps to protect us from external shaking and gives us confidence.

India Share Market: Indian market shows the world its power