RBI report shows India’s forex reserves cover stands at 11.2 months of imports with a slight decline

India’s foreign exchange reserves can now cover 11.2 months of imports, down from 11.3 in March 2024, according to the RBI. Short-term debt has risen to 20.3% of reserves. The International Investment Position indicates a rise in external assets by $108.4 billion and liabilities by $97.7 billion, reflecting significant international financial activity.