Question
What was the effect of RBI’s intervention to reduce
the steep fall in the value of rupee? Read the passage and answer the questions that follow. The rupee is yet again facing renewed pressure, along with major peers, as the dollar continues to strengthen in the wake of the Federal Reserve’s latest jumbo 75 basis points interest rate increase and the U.S. central bank’s unequivocal message that it remains squarely focused on taming inflation. The Indian currency weakened past the 81-mark against the dollar for the first time ever in Friday’s intraday trade, before ending the week at a new record closing low. The rupee’s slide was softened by the Reserve Bank of India’s intervention to smoothen volatility; the cumulative impact of such interventions over the 12 months through September 16 have shrunk the RBI’s war chest of foreign exchange reserves by almost $94 billion to $545.65 billion. The fact that the rupee is not alone in depreciating against the dollar can be of little comfort to Indian companies reliant on imports of raw materials or services for the smooth functioning of their businesses.Solution
In the passage, it is stated that “The rupee’s slide was softened by the Reserve Bank of India’s intervention to smoothen volatility; the cumulative impact of such interventions over the 12 months through September 16 have shrunk the RBI’s war chest of foreign exchange reserves by almost $94 billion to $545.65 billion.”
Select the most appropriate option to substitute the highlighted segment in the given sentence. If there is no need to substitute it, select ‘No subs...
Out of the statements given below, one statement may be grammatically and contextually correct. Choose the correct statement as your answer. If all the ...
In each of the following questions a sentence is given with a word given in BOLD. Corresponding to each question three sentences are given with the use...
Select the most appropriate option to substitute the underlined segment in the given sentence. If there is no need to substitute it, select ‘No substi...
It’s estranged that , on any given day, ten thousand species are being given between the world just in the ballast water of our supertankers.
...We do our first delivery in organic cotton bags, who they encourage subscribers to reuse.
...In the following questions two statements have been given with connectors given below. You have to select an option that could connect both sentence...
Select the phrase from the options below that should replace the underlined phrase in the sentence to make it grammatically and contextually correct. I...
Most of the modified assets are linked to troubling project in sectors including power and telecom.
...I. Students should get used to one of the formats as it will help them during their research.
II. Would you mind doing the chores today as I d...
