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The adequacy of foreign exchange reserves, measured by the coverage of imports, fell to 10.8 months in December 2017, compared to 11.3 months at the end of March 2017, the Indian Reserve Bank reported in a report. semiannual report on foreign exchange management.
Total foreign exchange reserves were $ 409 billion in December 2017, compared to $ 370 billion in March 2017. Reserves for the week ended June 29 amounted to $ 406.1 billion, according to the latest data published by the RBI. the hedge is an indicator of the stability of the currency. Generally, 10 months of import cover are considered stable for the currency. The ratio of short-term debt to foreign exchange reserves, which stood at 23.8% at the end of March 2017, remained at the same level at the end of December 2017. The ratio of volatile capital flows to reserves of exchange rose from 88.1% to March 2017 to 86.9% at the end of December 2017.
"The Reserve Bank holds 560.32 tons of gold, of which 268,001 are held abroad safely at the Bank of England and the Bank for International Settlements (BIS) .The share of gold in total value of foreign exchange reserves (USD) amounted to about 5% at the end of March 2018. "The RBI said:
Of the $ 399.44 billion in foreign currency badets, $ 262.01 billion was invested in securities, $ 109.67 billion was deposited with Other central banks and the BIS and $ 27.76 billion were held with commercial banks.
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