import cover

Import cover of forex reserves shrinks 30 percent in FY’22

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Import cover of forex reserves shrinks 30 percent in FY’22

India’s strength in the external sector may be shaking as imports sure amidst capital outflows on account of tightening of policy rates by the US Fed. India’s $600 billion strong forex reserves are adequate to finance 12 months’ imports as of March 2022 , down 30 per cent in a year since March 2021 As … Read more