What was the primary reason for the Reserve Bank of

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

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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