Transactions carried out by the monetary authority of a country that changes official reserves are known as official reserve transactions or ORT.
Transactions include the purchase and sale of currency in the exchange market for other assets and foreign currencies.
The transactions of the central bank which cause an impact on the foreign currency reserve of an economy are called official reserve transactions.
Official reserve transactions are essential in the balance of payments because they manage the sale and purchase of money in the foreign market.
Final Answer:
India Reserve Bank of India has official reserve transactions. All kinds of the foreign commerce of currency deal in official reserve transactions show in the balance of payments.
