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    Question

    According to the Reserve Bank of India’s (RBI’s)

    monthly bulletin ,the central bank recorded a net total of $1.5 billion in foreign currency sales in September &  purchased ________ and sold $29.3 billion worth of foreign currency within the same period. 
    A $27.8 billion Correct Answer Incorrect Answer
    B $26.1 billion Correct Answer Incorrect Answer
    C $28.9 billion Correct Answer Incorrect Answer
    D $25.6 billion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the Reserve Bank of India’s (RBI’s) monthly bulletin ,the central bank recorded a net total of $1.5 billion in foreign currency sales in September. During the same period, the RBI purchased $27.8 billion and sold $29.3 billion worth of foreign currency.  During the second quarter of the current financial year, the RBI acquired a net total of $1.9 billion in foreign currency, a significant decrease from the $33.7 billion recorded in the same quarter of the previous financial year (2022-23).

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