Question
What was India’s reserve position with the
International Monetary Fund (IMF) after rising by $9 million in the week ending 12 September?Solution
India’s reserve position with the IMF reached $4.7 billion after a $9 million increase. Although a smaller component of total reserves, it reflects India’s standing and commitments within the IMF. Alongside SDRs ($18.8 billion), gold, and foreign currency assets, it supports overall reserve strength.
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