Question
Which among the following constitutes the foreign
exchange reserves of India as maintained by the RBI?Solution
RBI maintains the foreign exchange reserves of India. The reserves include the foreign exchange and gold, Special Drawing Rights with the IMF and the IMF Reserve Positions. The foreign exchanges are dealt with in India by the authorized dealers as per the FIMMDA guidelines.
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Reason (R): During inflation, the value of money decreases, and the real value of ...
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