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A ceasefire has been announced amidst the tension of India and Pakistan. India has taken this decision on its terms. India showed that it is not going to bow down to anyone. The country is currently moving firmly on all fronts and in many cases has also gone beyond the developed countries of the world. One such sector of foreign exchange reserves, in which India is ahead of Russia, America and France. Let us give you information about the reserve of India’s foreign exchange reserves as well as the reserve of major countries of the world.
India is the fourth largest country in the world in terms of foreign exchange reserves after China, Japan and Switzerland. Countries like Russia, America and France are also far behind in India. India has a total foreign exchange reserves of more than $ 686 billion. Which is far ahead of the developed country Russia and America.
Who has a treasure
India in the world has a treasure of $ 686 billion, which is the fourth largest foreign exchange reserves in the world. At the same time, China is at the top of this list. 31 October 2024 is a stock of $ 3,571,803 million. Apart from this, the second number is Japan’s name, which has a foreign forex reserve of $ 1,238,950 million and Switzerland is 952,687 million US dollars. These three countries are ahead of India in terms of Forex Reserve. The store of major countries of the rest of the world is less than India.
Foreign exchange reserves last week
India’s foreign exchange reserves are more than developed countries of the world. But, the reserve of the country declined last week. RBI said on Friday that India’s foreign exchange reserves declined by $ 2.065 billion to $ 686.064 billion in the $ 686.064 billion in the week ended May 2. In the previous reporting week, the total reserves rose $ 1.983 billion to US $ 688.129 billion.
The special thing is that India’s Forex Reserve has seen a decline after the end of February 28. Earlier, there was an increase in the Forex Reserve of India in 8 consecutive weeks. During this time, the Forex Reserve of India saw an increase of $ 49.43 billion. At the end of September 2024, the foreign exchange reserves touched a high of $ 704.885 billion.