Which of the following does not form a part of the foreign exchange reserves of India ?

Options

A. Gold
B. SDRS
C. Foreign currency assets
D. Foreign currency and securities held by the banks and corporate bodies

Answer

D

Explanation

Foreign-exchange reserves are assets held by central banks and monetary authorities, usually in different reserve currencies, mostly the United States dollar. However, the term in popular usage com mostly also adds gold reserves, special drawing rights (SDRs). and International Monetary Fund (IMF) reserve positions.