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India's foreign exchange reserves cross $600 billion after four months

Published on December 08, 2023
Current Context: India's foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four months.
India's foreign exchange reserves cross $600 billion after four months
  • The forex reserves were last above the $600 billion mark on August 11 this year.
  • The reserves were $597.935 billion in the preceding week ended November 24.
  • This is a positive sign for India’s economic recovery and resilience amid the global challenges posed by the COVID-19 pandemic.

Question:

Q.1 As of December 1, what was the value of India’s foreign exchange reserves?
a. $597.935 billion
b. $600 billion
c. $604 billion
d. $610 billion

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