Consider the following statements about the foreign exchange of India.nI. According to the latest Reserve Bank of India report, India's foreign exchange reserves have increased.nII. India's Special Drawing Rights (SDR) with the International Monetary Fund (IMF) has also increased.nIII. The reserve currency acts as a shock absorber of the negative effects of the exchange rate.nWhich of the above statements is/are correct?

• A. I and II
• B. I and III
• C. only I
• D. All of the above