India's forex sufficient to meet 11 months of imports, 96 pc of external debt: RBI
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In its bulletin, the central bank stated that the forex reserves increased by USD 6.4 billion during 2024-25 so far to USD 652.9 billion on December 13, 2024.
The RBI added in the bulletin that the country's «foreign exchange reserves remained robust» as reflected in sustainable levels of reserve adequacy metrics.
This comes after India's forex reserves have slumped ten out of the past 11 weeks, hitting a new multi-month low.
In the week that ended December 13, the foreign exchange kitty declined by USD 1.988 billion to USD 652.869 billion, data from the Reserve Bank of India (RBI) showed Friday.
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