Q1. In the week ended April 3, 2026, India's foreign exchange reserves jumped by approximately 9.063 billion US dollars. To which total level did the reserves rise, and which component primarily drove the increase?
A 648.3 billion USD, foreign currency assets
B 705.8 billion USD, SDRs with IMF
C 697.121 billion USD, gold reserves Correct
D 672.5 billion USD, reserve tranche position
Explanation
India's forex reserves rose by 9.063 billion dollars to 697.121 billion dollars in the week ended April 3, 2026. The rise was primarily driven by a 7.221 billion dollar surge in gold reserves to 120.742 billion dollars, reversing a previous sharp decline amid West Asia tensions.