Forex Reserve: India is among the top five countries globally

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Mumbai: India ranks among the top five countries in the world in terms of forex reserves. According to the latest figures, China tops the forex reserves with 203 billion, followed by Japan with 12 billion and Switzerland with ૮૭ 104 billion.

For the week ended September 15, India's forex reserves stood at 3 billion. Which is the fourth largest number in the world. Russia is in fifth place with 215 billion, according to the data.

The high level of forex reserves has made India safe from any outside shocks, Reserve Bank sources said.

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