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India's forex reserve hits $400bn for first time

MUMBAI: India's forex reserves crossed the $400-billion mark for the first time on Friday. The latest $100 billion has been added to the reserves in three and a half years after they crossed the $300-billion level on April 2014. At current level, the reserves are enough to fund more than a year of imports.

 

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Uploaded on September 16, 2017