Consider the following statements about India’s Foreign Exchange.nI. India’s Foreign Exchange Reserves has increased as per the latest RBI reportnII. India’s Special Drawing Rights (SDR) with the International Monetary Fund (IMF) has also increasednIII. Reserves act as a shock absorber of negative effects of the exchange rate of a currencynWhich of the statements above is/are correct?

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