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      Question

      What was the peak forex reserve level recorded by India

      in 2024?
      A $670.5 billion Correct Answer Incorrect Answer
      B $690.2 billion Correct Answer Incorrect Answer
      C $704.88 billion Correct Answer Incorrect Answer
      D $715.4 billion Correct Answer Incorrect Answer
      E $725.0 billion Correct Answer Incorrect Answer

      Solution

      India’s forex reserves peaked at $704.88 billion in September 2024. However, fluctuations in foreign currency assets, gold reserves, SDRs, and global economic conditions have contributed to the recent decline in reserves, raising concerns over rupee stability and inflationary pressures.

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