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In India, the Reserve Bank of India is the sole custodian of the
In India, the Reserve Bank of India is the sole custodian of the
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Solution
The correct option is A foreign exchange
Foreign currency is any currency other than a country’s own currency. For India, dollars, pounds, yen, etc., are foreign currencies. The central bank of a country is responsible for maintaining the foreign exchange reserves. Therefore, in India, it is the Reserve Bank of India, which is the sole custodian of the foreign exchange reserves.
Foreign currency is any currency other than a country’s own currency. For India, dollars, pounds, yen, etc., are foreign currencies. The central bank of a country is responsible for maintaining the foreign exchange reserves. Therefore, in India, it is the Reserve Bank of India, which is the sole custodian of the foreign exchange reserves.
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