What is the rank of India, in terms of Forex reserves?
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.