Foreign exchange reserves (symbolic picture)
By defeating Russia, India has become the fourth largest country in the world in terms of foreign exchange reserves.
The foreign currency reserves of both countries have declined this year after a rapid increase. There has been a sharp decline in Russian in recent weeks. Explain that China has the largest foreign exchange reserves, followed by Japan and Switzerland.
The country’s foreign exchange reserves amounted to $ 580.299 billion.
Significantly, the country’s foreign exchange reserves decreased by $ 4.255 billion in the week ended March 5 to $ 580.299 billion. This information has been given in the data released on March 12 by the RBI. In the previous week, the foreign exchange reserves had increased by $ 68.9 million to $ 584.554 billion. The foreign exchange reserves had reached a record high of $ 590.185 billion for the week ended 29 January 2021.