Which one of the following is the custodian of Foreign Exchange Reserve of the Indian Government?

Security Exchange Board of India

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Insurance Regulatory Development Authority

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Reserve Bank of India

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President of India

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Solution

The correct option is C Reserve Bank of India
India's Forex reserves consist of foreign currencies, bank deposits, bonds and other financial assets like gold. They are managed by the Reserve Bank of India. India's Forex reserves are worth roughly $425 billion.

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