At $605 bn, India ties with Russia as fourth largest forex reserves holder

It took just about a year for reserves to rise by $100 billion, which has generally been the pace of accumulation since Shaktikanta Das became RBI governor in November 2017

India's foreign exchange reserves crossed $600 for the first time.  As on June 4, the foreign exchange reserves stood at $605 billion, almost tying with Russia as the fourth largest reserve holder in the world.  

While India’s forex reserve was $605.008 billion, Russia’s was $605.2 billion.  

It took just about a year for the reserves to rise by $100 billion, which has generally been the pace of accumulation since Shaktikanta Das became the governor of the Reserve Bank of India (RBI) in November 2017. 

The huge accumulation of reserves has also improved India’s import cover substantially. At the end of