Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 234)

2024-03-02 Economy

234.

What was the value of India's forex reserves at the end of February 2024, as reported by the Reserve Bank of India?

$569 Billion

$619 Billion

$297 Billion

$313 Billion

Answer: Option

Explanation:

India's forex reserves surged to $619 billion, with a notable increase of $2.975 billion reported by the Reserve Bank of India for the week ending February 23. This increase was primarily driven by rises in Foreign Currency Assets (FCA) and gold reserves.