- It came into force in 2000. - The Act was aimed at liberalizing foreign exchange controls in India, making it consistent with post-liberalization policies. 28. Who maintains the foreign exchange reserve in India ?

Asked in UPPCS Prelims 2012 · Topic: Foreign Exchange Market and Exchange Rate Determination (India's Exchange Rate Policy and Management of Foreign Exchange Reserves)

1. Reserve Bank of India
2. State Bank of India
3. Ministry of Finance, Government of India
4. Export-Import Bank of India

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