Question:

India’s foreign exchange reserve in June 2021 touched

  • US $ 900 billion
  • US $ 700 billion
  • US $ 500 billion
  • US $ 600 billion
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The Correct Option is D

Solution and Explanation

In June 2021, India's foreign exchange reserves reached a significant milestone by touching US $ 600 billion. This was a notable achievement for the country, reflecting a strong economic position and effective foreign exchange management. India's forex reserves include foreign currencies, gold reserves, Special Drawing Rights (SDRs), and the Reserve Tranche Position (RTP) in the International Monetary Fund (IMF), contributing to the total value of reserve assets held by the central monetary authority.
OptionsAmount
Option AUS $ 900 billion
Option BUS $ 700 billion
Option CUS $ 500 billion
Option DUS $ 600 billion
The correct answer is Option D: US $ 600 billion.
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