India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest reserves in March 2021.
According to the Reserve Bank of India, foreign exchange reserves of the country declined by $4.255 billion to $580.299 billion in the week ended March 5 from $584.554 billion on February 26. India's forex reserves had touched a record high of $590.185 billion in the week ended January 29, 2021.
China has the largest reserves, followed by Japan and Switzerland on the International Monetary Fund table.
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