Google News
logo
Daily Current Affairs
How many billion dollars have surpassed India's foreign exchange reserves exceeded?
A)
USD 600 billion
B)
USD 650 billion
C)
USD 690 billion
D)
USD 720 billion

Correct Answer :   USD 600 billion


The country's foreign exchange reserves crossed the USD 600 billion mark for the first time after increasing by USD 6.842 billion in the week ended June 4th, 2022, RBI data showed on Friday(3rd June 2022).
 
The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
 
In the previous week ended May 28, 2021, the reserves had swelled by USD 5.271 billion to USD 598.165 billion.
 
In the reporting week, FCA jumped by USD 7.362 billion to USD 560.890 billion, the data showed..

Source : Business Standard

Published On : June 7, 2022
Advertisement