Current Affairs · External Sector Indicators
India's Foreign Exchange Reserves represent vital external buffer assets managed by the RBI. Which of the following statements regarding the factors affecting these reserves is/are correct? 1. The absolute value of forex reserves fluctuates weekly due to actual capital flows as well as valuation changes in major currencies. 2. India's foreign exchange reserves historically crossed the structural milestone of $640 billion, driven by foreign direct and portfolio investments. 3. A significant appreciation of the US dollar against other global reserve currencies held by the RBI automatically leads to valuation gains.
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1 and 3 only
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