Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 276)
276.
What is the reason behind the $2.5 billion surge in India's foreign exchange reserves reported by the Reserve Bank of India (RBI)?
Answer: Option
Explanation:
The Reserve Bank of India reported a substantial increase of $2.5 billion in India's foreign exchange reserves for the week ending November 24, reaching a total of $597.93 billion. This surge is primarily attributed to foreign portfolio flows into the debt market, reflecting a strategic move by the RBI to manage the rupee’s level.
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