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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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