New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What was the primary reason for the Reserve Bank of

    India’s record $20.2 billion dollar sale in November 2024?
    A To fund government expenditures Correct Answer Incorrect Answer
    B To stabilize the rupee amid FPI outflows Correct Answer Incorrect Answer
    C To increase its forex reserves Correct Answer Incorrect Answer
    D To support infrastructure projects Correct Answer Incorrect Answer
    E To offset inflation in the domestic market Correct Answer Incorrect Answer

    Solution

    The RBI sold $20.2 billion to stabilize the rupee due to significant Foreign Portfolio Investment (FPI) outflows.

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