How long can India’s current foreign exchange reserves cover its external payments ?
(a) 2 months
(b) 4 months
(c) 6 months
(d) 7.1 months
Ans.(d)
Sol. India’s foreign-exchange reserves provide a cushion to manage external financial volatility and were at USD584.2 billion (7.1 months of current external payments) as of 21 April 2023.