Discussion
The Foreign Exchange Reserves (FER) of RBI include which of the following?
1. Foreign Currency Assets (FCA)
2. Gold
3. Special Drawing Rights (SDR)
4. Reserve Tranche Position
Select the correct answer using the codes given below.
Answer: D
The reserves include all four: All of the above.
India's foreign exchange reserves, held by the RBI, consist of foreign currency assets (the largest part), gold, Special Drawing Rights allocated by the IMF, and the reserve tranche position in the IMF. The RBI reports all four components every week.
Each narrower option leaves out at least one component.
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