India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth-largest reserve. The foreign currency holdings of India stood at $580.3 billion as of March 5, as per the data by the Reserve Bank of India (RBI). The reserve of Russia was $580.1 billion. Overall, China has the largest reserves, followed by Japan and Switzerland, as on the International Monetary Fund table.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Reserves for both countries have mostly flattened out this year after months of rapid increase. India pulled ahead as Russian holdings declined at a faster rate in recent weeks. India’s reserves, enough to cover roughly 18 months of imports, have been bolstered by a rare current-account surplus, rising inflows into the local stock market and foreign direct investment.
Important takeaways for all competitive exams:
The Union government has proposed constitutional reform that can change the parliamentary structure of the…
In a modern country like India, many types of disputes arise every day - related…
The Himachal Day 2026 will be observed on the 15th April, 2026. This day celebrated…
Pohela Boishakh 2026 the Bengali New year will be celebrated on the April 15 with…
Bohag Bihu which is also known as Rongali Bihu will be celebrated with the great…
On the 10th April, 2026 Sunil Bajpai has assumed the charge of the Principal Chief…