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India’s Foreign Exchange (Forex) reserves crossed what landmark value (in billion dollars) for the first time during September 2017? 

India’s Foreign Exchange (Forex) reserves crossed what landmark value (in billion dollars) for the first time during September 2017?  Correct Answer 400

The Correct Answer is Option 3 i.e. 400.

  • India’s Foreign Exchange (Forex) reserves crossed 400 billion dollars for the first time during September 2017.
  • Indian's Foreign Exchange (Forex) reserves have now crossed the $500 billion mark for the first time in the country's history during June 2020.
  • India's Foreign exchange reserves consist of four categories:
    • Foreign Currency Assets
    • Gold
    • Special Drawing Rights (SDRs)
    • Reserve Tranche Position in IMF.

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