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  • 01 January, 1970

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Foreign exchange reserves position as on 27 Jul2021

Foreign exchange reserves position as on 27 Jul 2021

  • India’s foreign exchange reserves position is comfortable in terms of import cover of more than 18 months and provides cushion against unforeseen external shocks
  • Weather the reserve funds are adequate to meet the international payment obligations, the ratio of forex reserves to total external debt stood at 101.2 per cent and short-term external debt to forex reserves stood at 17.5 per cent as at end-March 2021.
  • The ratio of volatile capital flows (including cumulative portfolio inflows and outstanding short-term debt) to reserves was 67.0 per cent at end-December 2020. India is comfortable in most of the external sector vulnerability indicators.

India’s Foreign Exchange Reserves

Year

Foreign Exchange Reserves

(US$ Billion)

2016-17

370.0

2017-18

424.5

2018-19

412.9

2019-20

477.8

2020-21

577.0

9th July 2021

611.9

Source: RBI

International Currencies In Our Forex Reserve-

The foreign currency assets, constituting more than 90 per cent of India’s forex reserves, are maintained as a multi-currency portfolio comprising major currencies, such as, US dollar, Euro, Pound sterling, Japanese yen, etc.

For more info on Forex Reserves:https://www.aspireias.com/daily-news-analysis-current-affairs/Forex-Reserves-of-India

Source: PIB

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