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Forex reserves near all-time high, rise $563 mn to over $590 bn

India s forex reserves surge to $584 billion

37,7 Milliarden Franken - Luft rein, Luft raus? Sechs Fragen und Antworten zum galaktischen Gewinn der Nationalbank

37,7 Milliarden Franken - Luft rein, Luft raus? Sechs Fragen und Antworten zum galaktischen Gewinn der Nationalbank
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India crosses Russia as world s 4th biggest forex reserve holder

India crosses Russia as world’s 4th biggest forex reserve holder Issac John India has surpassed Russia to emerge as the world s fourth-largest foreign-exchange reserve holder. China has the world s largest reserves, followed by Japan and Switzerland on the International Monetary Fund table. Also read: Forex reserves for both India and Russia 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 as the Reserve Bank of India continued to hoard dollars to cushion the economy against any sudden outflows. Despite a recent fall of $4.3 billion to $580.3 billion as of March 5 due to a decline in the Foreign Currency Assets (FCA), the south Asian nation s forex holdings claimed the fourth ranking as Russia s reserves fell at a steeper pace to $580.1 billion.

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