Question
According to the data provided by the Reserve Bank of
India in Jan 2023, India's forex reserves increased by $1.727 billion to _______.Solution
According to the data provided by the Reserve Bank of India, India's forex reserves increased by $1.727 billion to $573.727 billion.The foreign currency assets, a major component of the reserves, increased by $839 million to $506.358 billion. The gold reserves increases to $43.712 billion; Special Drawing Rights (SDRs) rose to $18.432 billion; country's reserve position with the IMF was down by $1 million to $5.226 billion.
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