Question
India’s Foreign Exchange Reserve has reached to
life time high in May 2017 first week. What was the amount of Forex reserve on May 5, 2017?Solution
India’s foreign exchange (Forex) reserves have increased by $2.985 billion to touch a lifetime high of $375.71 billion in the week that ended on May 5. The increase was due to increase in foreign currency assets (FCAs). The reserves had increased by $2.474 billion to $351.53 billion in the previous week.
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