Forex reserves rises by USD 2.06 billion

Forex reserves rises USD 2.06 billion

Question: According to weekly statistics released by RBI on 1 February 2019, country’s Foreign Exchange Reserves rises by USD 2.06 billion.As per data Gold Reserves advanced by-
(a) USD 764.9 million
(b) USD 2.386 billion
(c) USD 1.386 billion
(d) USD 0.686 billion
Answer :(a)
Related facts:

  • On 1st February 2019, the country’s foreign exchange reserves increased by USD 2.063 billion to USD 400.24 billion on account of rising foreign currency assets as per RBI (Reserve Bank of India) data.
  • Gold reserves increased by USD 764.9 million to USD 22.686 billion.
  • Special drawing rights with the International Monetary Fund (IMF) rose by USD 6.2 million to USD 1.470 billion.
  • The country’s reserve position with the International Monetary Fund increased by USD 11.2 million to USD 2.654 billion.

Links:
https://dbie.rbi.org.in/DBIE/dbie.rbi?site=home
http://www.newindianexpress.com/business/2019/feb/08/forex-reserves-have-increased-to-usd-40024-billion-from-usd-206-billion-rbi-1936255.html

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