📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    India’s foreign exchange reserves declined by $2.16

    billion in the week ending October 18 due to:
    A Increased gold purchases Correct Answer Incorrect Answer
    B Higher SDR inflows Correct Answer Incorrect Answer
    C Depreciation of non-US currencies Correct Answer Incorrect Answer
    D Lower demand for exports Correct Answer Incorrect Answer
    E Increased crude oil imports Correct Answer Incorrect Answer

    Solution

    The decline was influenced by depreciation of non-US currencies such as the euro, pound, and yen, affecting the value of India’s foreign currency assets.

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question