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The FOREX reserve of India crossed $________ for the 1st time as per RBI data (in June 2020).
  • a)
    600 billion
  • b)
    450 billion
  • c)
    500 billion
  • d)
    550 billion
  • e)
    400 billion
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The FOREX reserve of India crossed $________ for the 1st time as per R...
In accordance with the weekly statistical data released by the Reserve Bank of India (RBI), India’s foreign reserves crossed the $500 billion mark as the nation had forex reserves of $501.7 billion as of June 5, 2020 a rise of $8.22 billion in a week. India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and India’s reserve position with the International Monetary Fund (IMF).
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The FOREX reserve of India crossed $________ for the 1st time as per RBI data (in June 2020).a)600 billionb)450 billionc)500 billiond)550 billione)400 billionCorrect answer is option 'C'. Can you explain this answer?
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