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What is the current foreign exchange reserves of India as of 2023? (2023)
What is the current foreign exchange reserves of India as of 2023? (2023)
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Q1
What is the current foreign exchange reserves of India as of 2023? (2023)
$500 billion
$600 billion
$700 billion
$800 billion
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India's foreign exchange reserves are approximately $600 billion as of 2023.
Questions & Step-by-step Solutions
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Q
Q: What is the current foreign exchange reserves of India as of 2023? (2023)
Solution:
India's foreign exchange reserves are approximately $600 billion as of 2023.
Steps: 4
Show Steps
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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