2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.22 billion dollars
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5.22 billion dollars
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7.22 billion dollars
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8.22 billion dollars
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Detailed explanation-1: -The total forex reserves touched an all time high of 642.453 billion US$ on 8 September 2021.
Detailed explanation-2: -According to RBI’s latest data, India’s foreign currency assets, the biggest component of the forex reserves, rose by USD 9.078 billion to USD 505.519 billion. Gold reserves rose by USD 1.106 to USD 42.890 billion. Notably, at the start of last year - 2022, the overall forex reserves were at about USD 633 billion.
Detailed explanation-3: -Reserves rose to $572 billion, the highest since early August last year. The number is higher than the earlier week - ended January 6 - at $561.58 billion. India’s reserves hit a more-than-two-year low of $524.52 billion in October 2022.
Detailed explanation-4: -India’s foreign exchange reserves fell by $70.1 billion in 2022, data released by the Reserve Bank of India (RBI) shows. The forex reserves stood at $562.9 billion in the week ended December 30.
Detailed explanation-5: -∴ Percentage Increase =(25202520×100)% = 100% Was this answer helpful?