Correct option is D
The correct answer is: (d) $640.3 billion
Explanation:
As per the Economic Survey 2024–25, India’s foreign exchange reserves stood at USD 640.3 billion at the end of December 2024, providing coverage of approximately 10.9 months of imports and around 90% of external debt .
Information Booster:
The reserves peaked at USD 704.9 billion in September 2024, before moderating to USD 634.6 billion by early January 2025 .
Robust services trade and record remittances helped support reserve accumulation in FY 2024–25 .
Forex reserves are used to:
Defend the rupee
Fund external obligations
Ensure import cover
With a $640.3 billion reserve, India ranks among the top four holders of foreign exchange globally .
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