Consider the following statements regarding Forex Reserve:
- Forex Reserves consist of foreign currency assets and Special Drawing Rights only.
- Recently, in March 2024, India's forex reserves touched an all-time high of $645.6 bn.
- An economy’s Reserve Tranche in the IMF is not a part of its forex reserve.
Which of the above statements is/are correct?
1
2 only
2
1 and 3 only
3
1 and 2 only
4
3 only
5
All of the Above