India's forex reserves have fallen to USD 351.557 billion towards week ending 22ndMay
Q. India’s foreign exchange reserves have dipped steeply by 2.319 billion US dollar to 351.557 billion in the week ended on _______.- Published on 17 May 15a. 22nd May’15
b. 30th May’15
c. 29th May’15
d. 19th May’15
ANSWER: 22nd May’15
A RBI press release has informed that foreign currency assets, a major part of the overall reserves, declined by 2.285 billion US Dollar to 326.839 billion. In the previous week, the reserves had surged by a whopping 1.745 billion US Dollar to touch a record high of 353.876 billion.