2025-02-01 11:02:53 am | Source: IGI Editorial
India Becomes World's 4th Largest Forex Reserve Holder with $640.3 Billion
India's foreign exchange reserves have reached a significant milestone, positioning the country as the fourth-largest holder globally. As of December 2024, these reserves stood at $640.3 billion, covering approximately 90% of India's external debt of $711.8 billion as of September 2024. India's forex reserves are now surpassed only by China, Japan, and Switzerland, underscoring the nation's robust economic position.
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