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RBI report shows India's forex reserves cover stands at 11.2 months of imports

By Economic Times - 3 weeks ago
India's foreign exchange reserves covered 11.2 months of imports as of June 2024, down from 11.3 months in March. Short-term debt rose to 20.3% of reserves, while volatile capital flows increased slightly to 70.1%. External assets and liabilities grew by USD 108.4 billion and USD 97.7 billion respectively.

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