India's foreign exchange reserves cover 11.2 months of imports, down from 11.3 months in March with short-term debt increasing to 20.3%.

The Reserve Bank of India's report indicates that as of June 2024, India's foreign exchange reserves cover imports for 11.2 months, down from 11.3 months in March. It noted an increase in short-term debt relative to reserves, rising from 19.7% to 20.3%. External assets grew by USD 108.4 billion, while liabilities increased by USD 97.7 billion, improving the net International Investment Position from USD -379.0 billion to USD -368.3 billion year-on-year.

October 29, 2024
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