What is the rank of India, in terms of Forex reserves?
A. 3rd
B. 5th
C. 7th
D. 8th
Explanation:
The forex reserves of India crossed the $600-billion mark for the first time on the back of continued foreign investment flow into the capital markets. India is now less than $200 million behind Russia, which has an almost identical level of reserves. China has the highest Forex reserves with $3,399.9 billion of U.S. dollars. At that time India’s rank is 8th after Japan, Switzerland, Russia, Saudi Arabia, Taiwan and Hong Kong.