2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following represents the total amount of Indian foreign reserve at present?
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US$ 432.88
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US$ 437.83
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US$ 456.32
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US$ 422.23
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Explanation:
Detailed explanation-1: -Foreign Exchange Reserves in India averaged 271846.37 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-2: -In a report last month, the Reserve Bank said the country’s foreign exchange reserves at $ 564.1 billion as on December 9, 2022, covered 9.2 months of imports projected for 2022-23.
Detailed explanation-3: -The RBI said last month that foreign exchange reserves worth $564.1 billion as on December 9 accounted for 9.2 months of imports projected for the current financial year. The level of reserves in September 2021 had accounted for close to 15 months of imports.
There is 1 question to complete.