{
  "id": 6923974,
  "title": "India becomes world’s 4th largest forex holder",
  "url": "https://urgent.news/2026/09/12/india-becomes-worlds-4th-largest-forex-holder",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T11:59:21.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/banking/india-becomes-worlds-4th-largest-forex-holder-1.500671989"
  },
  "original_language": "en",
  "account": "India has emerged as the world's fourth largest holder of foreign exchange reserves, surpassing Russia, following a record surge in dollar inflows. This increase in forex reserves took place even though the gold reserves decreased by $2.59 billion. The Reserve Bank of India (RBI) has tightened rules on bank deposit interest rates to better manage volatility. The RBI is also conducting a Rs1 lakh crore open market operation sale of government bonds to manage excess liquidity resulting from the strong foreign currency inflows.",
  "summary": null,
  "key_points": [
    "India ranks 4th with largest forex reserves",
    "Dollar inflows surge, surpassing Russia",
    "RBI tightens deposit rates, conducts Rs1 lakh crore sale"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}