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      Question

      How much did the RBI sell in the foreign exchange market

      in November 2024 to manage rupee volatility?
      A $10.2 billion Correct Answer Incorrect Answer
      B $15.5 billion Correct Answer Incorrect Answer
      C $20.2 billion Correct Answer Incorrect Answer
      D $25.3 billion Correct Answer Incorrect Answer
      E $30.2 billion Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) sold a record $20.2 billion in the foreign exchange market in November 2024 to stabilize the rupee amid foreign portfolio investor (FPI) outflows and a strong US dollar. This was the highest dollar sale in a single month, surpassing the previous record of $20.1 billion in March 2022.

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