Fresh SDR allocation may bump up forex reserves3 min read . Updated: 23 Aug 2021, 06:16 AM IST
India is likely to receive $17.94 bn worth of additional special drawing rights from IMF today
India’s forex reserves may shoot up on Monday with the International Monetary Fund (IMF) crediting additional special drawing rights (SDRs) in the accounts of each country as part of its $650 billion global liquidity push. India is likely to receive around $17.94 billion based on its existing quota in the IMF.
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