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1. The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?





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  • By: guest on 01 Jun 2017 11.13 pm
    Average foreign exchange reserves over the given period = 1 x (2640 + 3720 + 2520 + 3360 + 3120 + 4320 + 5040 + 3120) million US $ 8 = 3480 million US $. Foreign exchange reserves in 1996 - 1997 = 4320 million US $. Required percentage = 4320 x 100 % = 124.14% 125%. 3480
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