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What is the current foreign exchange reserves of India as of 2023? (2023)

Practice Questions

Q1
What is the current foreign exchange reserves of India as of 2023? (2023)
  1. $500 billion
  2. $600 billion
  3. $700 billion
  4. $800 billion

Questions & Step-by-Step Solutions

What is the current foreign exchange reserves of India as of 2023? (2023)
  • Step 1: Understand what foreign exchange reserves are. They are assets held by a country's central bank in foreign currencies.
  • Step 2: Know that these reserves can include foreign currencies, gold, and other assets.
  • Step 3: Check reliable financial news sources or official government reports for the latest data on India's foreign exchange reserves.
  • Step 4: As of 2023, find that India's foreign exchange reserves are approximately $600 billion.
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