India still among top four reserves holders despite a steep fall
- Posted on January 31, 2025
- By Business News Today
- 3 Views
India still among top four reserves holders despite a steep fall
India's foreign exchange reserves are robust, enough to cover 90% of its external debt and 10.9 months of imports. Despite a slight decrease from their peak, the reserves position remains strong, supported by positive capital inflows and a significant collection of foreign currency assets and gold.
