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India overtakes Russia in FX reserves

India overtakes Russia in FX reserves

At $580.3 bn, India has the 4th largest foreign exchange reserves in the world, after China, Japan and Switzerland

At $580.3 bn, India has the 4th largest foreign exchange reserves in the world, after China, Japan and Switzerland. It surpassed Russia whose reserves stood at $580.1 bn on March 14. India's reserves are sufficient to cover 18 months of imports.