Question
How much did the RBI sell in the foreign exchange market
in November 2024 to manage rupee volatility?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.
'CIBIL Rank' for MSMEs (CIBIL MSME Rank) is provided on a scale of:Â
What is the 'Margin' in the context of a bank loan?Â
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
Which organization provides credit insurance to Indian exporters?Â
What does a 'Zero-Coupon Bond' mean?Â
Under the Kisan Credit Card (KCC) scheme, the 'Scale of Finance' for a crop is decided by:Â
Under the prompt corrective action (PCA) framework, which of the following parameters is NOT monitored by the RBI?Â
What is 'Countercyclical Capital Buffer' (CCyB)?Â
'Rights Issue' of shares refers to:Â
As per IRAC (Income Recognition and Asset Classification) norms, an asset is classified as a 'Loss Asset' when:Â
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