India's forex surpasses Russia, become 4th largest in the world at $580.3 Billion
Shortpedia
Content Team
Image Credit: Shortpedia
India's forex reserves have now become the fourth largest in the world at $580.3 billion surpassing Russia. Emerging markets have been building reserves to guard against volatility due to Covid aftershocks. Reserves for India and Russia have plateaued rising for months. India pulled ahead as Russian holdings declined at a faster rate. India's foreign currency holdings fell by $4.3 billion to $580.3 billion as of March 5, RBI said.
