What global factors influence India's forex reserve levels? | In Focus podcast
In Focus by The Hindu
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Exports - What Kind of Import Cover Does the Reserve Provide?
The absolute value of reserves is actually completely meaningless. As far as debt levels are concerned I guess we are still pretty much okay with the weakest point in our recent history which was in 2013, he says. The peak COVID levels the reserve cover used to be between nine and ten months. Now we are down below nine months - if the current case of reserve depletion continues let's say by another quarter of the show then we are going to be below eight months of import cover in just about two or three months time.
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