Question
According to the data provided by the Reserve Bank of
India (RBI),India’s foreign exchange reserves rose to ______ in theApril,2023.Solution
India’s foreign exchange reserves rose by $4.53 billion to $588.78 billion in April 2023 according to Reserve Bank of India (RBI) data.Gold reserves dropped by nearly half billion dollar to $ 45.65 billion. The Special Drawing Rights (SDRs) were up $ 35 million to $18.46 billion. The country’s reserve position with the IMF was down $4 million to $5.17 billion.
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