Question

India’s foreign exchange reserve in June 2021 touched

• A. US $ 900 billion
• B. US $ 700 billion
• C. US $ 500 billion
• D. US $ 600 billion

Answer 1

The Correct Option is D

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.

Options	Amount
Option A	US $ 900 billion
Option B	US $ 700 billion
Option C	US $ 500 billion
Option D	US $ 600 billion

The correct answer is Option D: US $ 600 billion.