Which of the following statement is false about India’s foreign exchange reserves?

It is managed by the Reserve Bank of India.

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Gold reserves constitute a part of foreign exchange reserves.

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Forex reserves of India act as a cushion against rupee volatility.

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Forex reserves act as a first line of defense in case of an economic slowdown.

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None of these

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Solution

The correct option is E
None of these

All of the given statements given above are true.

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