Suppose the value of India's international reserves rose from $287 billion to $300 billion. a. Can we

Question:

Suppose the value of India's international reserves rose from $287 billion to $300 billion.
a. Can we conclude that the Indian central bank was intervening in the foreign exchange market, not intervening, or it is impossible to tell? Explain why.
b. Explain whether the Indian was higher or lower than it would have been under a flexible regime.
c. Explain whether the Indian monetary base was rising, falling, or impossible to determine.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...