Import cover falls below Dec levels as forex kitty shrinks - Economic Times

The reserves hit an all-time high of $642.453 billion on September 3 last year which was enough to cover nearly 15 months of imports on a balance of payments basis. The ratio of short-term debt to reserves increased to 18.1% at the end of December 2021 from 1…

Kolkata: India's foreign exchange reserves were adequate to cover around 13 months of imports at the end of 2021, the Reserve Bank of India said in its half-yearly report on the management of forex r… [+1336 chars]

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