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    Question

    As of January, how many tonnes of gold did the Reserve

    Bank of India purchase, marking its largest acquisition since July 2022?
    A 8.7 tonnes Correct Answer Incorrect Answer
    B 17.7 tonnes Correct Answer Incorrect Answer
    C 10 tonnes Correct Answer Incorrect Answer
    D 5 tonnes Correct Answer Incorrect Answer
    E 20 tonnes Correct Answer Incorrect Answer

    Solution

    The RBI's purchase of 8.7 tonnes of gold in January was part of its strategy to diversify forex reserves and hedge against foreign currency risks, indicating a proactive approach to financial security amidst global economic fluctuations .

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