Country’s foreign exchange reserves fell by USD 1.228 billion

Q.  Country’s foreign exchange researchers fell by what amount to USD 361.943 billion in the week to July 8 due to fall in foreign currency assets?
- Published on 18 Jul 16

a. USD 1.226 billion
b. USD 1.227 billion
c. USD 1.228 billion
d. None of the above

ANSWER: USD 1.228 billion
 
The foreign exchange reserves fell to USD 361.943 billion in the week to July 8 on account of declining foreign currency assets, according to the RBI.
  • Reserves surged by USD 2.374 billion to USD 363.171 billion.
  • Foreign currency assets a major component of overall reserves fell by USD 1.218 billion to USD 337. 493 billion.
  • RBI data indicated that SDR with IMF was down USD 3.6 million to USD 1.484 billion and the serve position fell by USD 5.9 million to USD 2.389 billion.

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