India's import cover falls marginally to 9.1 months at end of Dec 2018: RBI

Gold's share in the total foreign exchange reserves stood at about 5.59% as at end-March

India’s import cover fell marginally to 9.1 months at the end of December 2018, from 9.5 months at end-September 2018, as the country’s reserves fell about $5 billion in the period, the Reserve Bank of India (RBI) said in its half yearly report on foreign exchange reserves. 

In the same period, the ratio of short-term debt to the foreign exchange reserves, increased to 26.4 per cent from 26.1 per cent. This is mainly because the foreign exchange reserves fell from $400.52 billion to $395.59 billion between September 2018 and December 2018. 

The ratio of volatile capital flows, which is defined