2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
393.12 billion
|
|
|
250 billions
|
|
|
125 billions
|
|
|
280 billions
|
Detailed explanation-1: -The foreign exchange reserves of India touched an all-time high in the last six months for the week ending on January 20, 2023.
Detailed explanation-2: -Besides valuation loss, the forex reserves also declined as the Reserve Bank sold dollars in the spot market to smoothen the sudden fluctuations in the rupee’s movement caused by outflows from foreign investors. “In 2022, foreign investors pulled out Rs 1.2 lakh crore from the domestic equity market.
Detailed explanation-3: -Foreign Exchange Reserves in India averaged 272086.65 USD Million from 1998 until 2023, reaching an all time high of 642453.00 USD Million in September of 2021 and a record low of 29048.00 USD Million in September of 1998.
Detailed explanation-4: -The International Monetary Fund said global reserves have fallen by around $884 billion during the first half of 2022. The total foreign reserves of emerging markets and developing economies dropped by more than 6% in the first seven months of this year.