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India’s Foreign Currency Reserves Declined-- RBI

Published on January 10, 2022
Current Context: As per the latest data of the Reserve Bank of India (RBI), India’s foreign currency reserves has reduced by $1.466 billion to $633.614 billion in the last week of 2021 i.e. on 31st Dec 2021.
India’s Foreign Currency Reserves Declined-- RBI
  • The gold reserves rose by USD 14 million to USD 39.405 billion.
  • The decline in foreign exchange reserves was due to the reduction in foreign currency assets (FCA).
  • FCA reduced by USD 1.48 billion to USD 569.889 billion.
  • The foreign currency reserves possess foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and India’s position with IMF.
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das

Question: 

Q.1 As per the latest data of RBI, India’s foreign currency reserves have reduced by $1.466 billion to ____ in the last week of 2021 i.e. on 31st Dec 2021?
a. $633.614 billion
b. $433.614 billion
c. $344.614 billion
d. $544.614 billion
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