Question

    Which component saw the largest increase in India’s forex reserves?

    A Gold reserves Correct Answer Incorrect Answer
    B Special Drawing Rights (SDRs) Correct Answer Incorrect Answer
    C Foreign currency assets Correct Answer Incorrect Answer
    D IMF reserve position Correct Answer Incorrect Answer
    E Currency derivatives Correct Answer Incorrect Answer

    Solution

    Foreign currency assets, the largest component of forex reserves, increased by $5.107 billion, which was the largest gain among all components.

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