New Enroll in RBI Grade B New Batch - Starts on May 21

    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.

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