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India ties with Russia as 4th largest forex reserves holder

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As per Reserve Bank of India’s data, the foreign exchange reserves of India has crossed  $600 billion marks for the first time. The Forex reserve of India increased by USD 6.842 billion to $605.008 billion in the week ended June 04, 2021. This is the lifetime high of India’s foreign asset. With this, India has tied with Russia as the fourth largest reserve holder in the world. The forex reserve of Russia is calculated to be $605.2 billion.

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