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India's forex reserves increased from 204 million to how many billion for the week ended 7 October 2022?
USD 502.868
USD 512.868
USD 522.868
USD 532.868

Correct Answer : Option (D) - USD 532.868

India's forex reserves rose by 204 million to 532.868 billion US dollar for the week ended 7th October 2022 on an increase in the value of gold holdings
Reserve Bank said that in the previous reporting week, the overall reserves had dropped by 4.854 billion to 532.664 billion US dollars.
The reserves had been falling for many weeks now as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.
In October 2021, country's forex kitty had reached an all-time high of 645 billion US dollars..

Source : AIR

Published On : October 16, 2022
Category : Indian Economy