New Delhi, April 2 -- India holds the fourth-largest foreign exchange reserves globally, amounting to $658.8 billion-sufficient to cover 11 months of imports, Finance Minister Nirmala Sitharaman has informed the Rajya Sabha.

During the question hour, she addressed concerns regarding foreign exchange reserves and the current account deficit, assuring members of the country's strong financial position.

India ranks behind China, Japan, and Switzerland in foreign exchange reserves.

Responding to queries about the rupee's depreciation, Minister of State for Finance Pankaj Chaudhary noted that the Indian currency had strengthened in recent months, contrasting with steeper depreciations in currencies such as the South Korean won and the Briti...