Question:
India’s foreign exchange reserve in June 2021 touched
India’s foreign exchange reserve in June 2021 touched
Updated On: Aug 18, 2025
- US $ 900 billion
- US $ 700 billion
- US $ 500 billion
- US $ 600 billion
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The Correct Option is D
Solution and Explanation
In June 2021, India's foreign exchange reserves reached a significant milestone by touching US $ 600 billion. This was a notable achievement for the country, reflecting a strong economic position and effective foreign exchange management. India's forex reserves include foreign currencies, gold reserves, Special Drawing Rights (SDRs), and the Reserve Tranche Position (RTP) in the International Monetary Fund (IMF), contributing to the total value of reserve assets held by the central monetary authority.
| Options | Amount |
|---|---|
| Option A | US $ 900 billion |
| Option B | US $ 700 billion |
| Option C | US $ 500 billion |
| Option D | US $ 600 billion |
The correct answer is Option D: US $ 600 billion.
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