Question : India’s foreign exchange reserves has recently touched a record high .What is that figure ?
(a) 620.57 billion dollars
(b) 800 billion dollars
(c) 1000 billion dollars
(d) None of the above
Answer : (a)
Related facts —
- India’s foreign exchange reserves increased by $ 9.42 billion to a record level of $ 620.57 billion in the week ended 30 July 2021.
- It is noteworthy that the foreign exchange reserves had declined by $ 1.581 billion to $ 611.149 billion in the week ended 23 July 2021.
- The recent increase in foreign exchange reserves was due to increase in foreign currency assets (FCAs), which constitute a major component of the overall reserves.
- During this period, FCA increased by $8.596 billion to $576.224 billion.
- Gold reserves were up by USD 760 million to USD 37.644 billion in the reporting week.
- Meanwhile the special drawing rights (SDRs) with the International Monetary Fund (IMF) rose by USD 6 million at USD 1.552 billion.
- India’s reserve position with the IMF also increased USD 65 million to USD 5.156 billion in the reporting week.
Link:
http://www.businessworld.in/article/Forex-Reserves-Surge-By-USD-9-42-Bn-To-All-Time-High-Of-USD-620-57-Bn/07-08-2021-399805/
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