Foreign Exchange reserves up by $30.3 bn in FY22

Published on June 23, 2022
Current Context: According to RBI data foreign exchange reserves, increased by $30.3 billion in 2021-22 compared to $ 99.2 billion last year.
Foreign Exchange reserves up by $30.3 bn in FY22
  • The current account balance recorded a deficit of $ 38.8 billion against a surplus of $ 23.9 billion in the fiscal ended 2021.
  • US dollar against major currencies amounted to $ 17.2 billion during 2021-22 as against a valuation gain of $ 11.9 billion during 2020-21.
  • In the case of balance of payments foreign exchange reserves increased by $ 47.5 billion during 2021-22 as compared with $ 87.3 billion during 2020-21.
  • Apart from that capital account surplus has increased to $ 86.3 billion, compared to a surplus of $ 63.4 billion.
  • Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies, which can include bonds, treasury bills, and other government securities.

Question:

Q.1 According to recent RBI data,foreign exchange reserves increased by________in FY22?
a. $20.3 Billion
b. $10.2 Billion
c. $30.3 Billion 
d. $25.6 Billion

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