India’s Forex Reserves Current Affairs, GK & News

India: 5th largest Forex reserve holder in the world

As of 25th June, 2021, India has surpassed Japan, China, Russia and Switzerland to become the world’s fifth-largest foreign exchange reserve holder with $608.99 billion. This was mentioned in the Lok Sabha on 20th July, 2021 by Pankaj Choudhary, MoS Finance.   Key Points The Reserve Bank of India and the Government of India are ..

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India: 4th largest Forex Reserves holder

India’s forex reserves crossed $600 mark for the first time and as on June 4, it stood at $605 billion. With this, India equals Russia as the fourth largest reserve holder worldwide. Highlights India’s forex reserve was $605.008 billion while for Russia it was $605.2 billion. It took a year for reserves to rise by ..

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India’s Forex reserves rise to a record high of $426.42 billion

As per the data revealed by Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserve rose to a life-time high of $426.42 billion (in week to 21 June 2019) after it surged by $4.215 billion boosted by higher foreign portfolio investments (FPI) and a stable rupee. Key Highlights Background: Earlier, the Forex reserves had ..

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