New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    According to the data provided by the  Reserve Bank of

    India (RBI),India’s foreign exchange reserves rose to ______ in theApril,2023.
    A $588.78 billion Correct Answer Incorrect Answer
    B $601.55 billion Correct Answer Incorrect Answer
    C $622.7 billion Correct Answer Incorrect Answer
    D $707.33 billion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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.

    Practice Next