What is Forex (Foreign Exchange)? — Meaning, Definition & Example
Definition
Forex refers to the foreign exchange market where currencies are traded. India's forex reserves (held by RBI) include foreign currency assets, gold, SDRs, and IMF reserve position. Forex reserves provide import cover and currency stability. India has among the top 5 largest forex reserves globally.
India's forex reserves of $640+ billion can cover approximately 10 months of imports, providing strong buffer against external economic shocks.
🇮🇳 Forex (Foreign Exchange) in Hindi / हिंदी में
फॉरेक्स (विदेशी मुद्रा) — फॉरेक्स विदेशी मुद्रा बाजार है जहां मुद्राओं का व्यापार होता है। भारत का विदेशी मुद्रा भंडार $640+ बिलियन है।
Forex (Hinglish) — Forex foreign exchange market hai jahan currencies trade hoti hain. India ke forex reserves $640+ billion hain jo RBI ke paas hain. Import cover aur currency stability ke liye important.