2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USD 250.423
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USD 423.789
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USD 123.654
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USD 360.775
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Detailed explanation-1: -India’s reserves hit a more-than-two-year low of $524.52 billion in October 2022. India’s foreign exchange reserves rose to a five month high in the week ended January 13, according to the Reserve Bank of India’s (RBI) statistical supplement released on Friday.
Detailed explanation-2: -Foreign exchange reserves in 1997-1998 = 5040 million US $. Foreign exchange reserves in 1993-1994 = 2520 million US $. Increase = (5040-2520) = 2520 US $. % = 100%.
Detailed explanation-3: -China is the top country by foreign exchange reserves in the world. As of November 2022, foreign exchange reserves in China was 3, 180, 689 million US dollars that accounts for 37.92% of the world’s foreign exchange reserves.
Detailed explanation-4: -The foreign exchange reserves of India touched an all-time high in the last six months for the week ending on January 20, 2023. India’s foreign exchange reserves dropped by USD 1.494 billion to reach USD 575.267 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday.