New 55% Off on All Courses - Enroll Now! Click Here

    Question

    According to the data provided by the Reserve Bank of

    India in Jan 2023, India's forex reserves increased by $1.727 billion to _______.
    A $543.9 billion Correct Answer Incorrect Answer
    B $573.7 billion Correct Answer Incorrect Answer
    C $601.5 billion Correct Answer Incorrect Answer
    D $645.1 billion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      According to the data provided by the Reserve Bank of India, India's forex reserves increased by $1.727 billion to $573.727 billion.The foreign currency assets, a major component of the reserves, increased by $839 million to $506.358 billion. The gold reserves increases to $43.712 billion; Special Drawing Rights (SDRs) rose to $18.432 billion; country's reserve position with the IMF was down by $1 million to $5.226 billion.

    Practice Next

    Relevant for Exams: