- The fall in the reserve was due to a decline in Foreign Currency Assets (FCA) a major component of the overall reserves, and also in the gold reserves.
- According to Weekly Statistical Supplement released by RBI, FCA dropped from USD 6.527 billion to USD 511.562 billion.
- In the reporting week gold reserves dropped by USD 830 million to USD 38.356 billion.
- The Special Drawing Rights(SDR) with International Monetary Fund (IMF) decreased by USD 155 million to USD 17.875 billion.
- In the reporting week, India's reserve position with IMF decreased by USD 29 million to USD 4.937 million.
- According to RBI governor Shaktikanta Das, RBI has been supplying US dollars to the market to ensure that there is enough foreign exchange liquidity.
- According to RBI data, in the week ended July 8, the reserve dropped by $8.062 billion to $580.252 billion.
- Static Knowledge:
- RBI governor - Shaktikanta Das
- RBI headquarters - Mumbai
- RBI was formed - on 1 April 1934
- IMF chief - Kristalina Georgieva
- IMF was formed - in July 1944
- IMF headquarters - Washington D.C, United States
Question:
Q.1 India's foreign exchange reserve fell by USD_______ to USD 572.712 billion.
a. 7.541 billion
b. 5.541 billion
c. 6.541 billion
d. 3.541 billion
a. 7.541 billion
b. 5.541 billion
c. 6.541 billion
d. 3.541 billion
