What percentage of the country’s total foreign exchange reserves did the RBI’s gold reserves comprise as of March 31, 2023?

(a) 6.5%

(b) 7%

(c) 7.5%

(d) 7.81%

Ans.(d)

Sol. The RBI’s gold reserves comprised 7.81% of the country’s total foreign exchange reserves as of March 31, 2023, up from 7% at the end of the previous fiscal year.