India's foreign exchange reserve cover has fallen to 15.8 months at the end of June 2021, from 17.4 months at end-March 2021, according to the Reserve Bank of India.
The ratio of short-term debt to reserves, which was 17.5 per cent at end-March 2021, declined to 16.8 per cent at end-June 2021.
The ratio of volatile capital flows (including cumulative foreign portfolio inflows and outstanding short-term debt) to reserves declined from 69.0 per cent at end-March 2021 to 65.5 per cent at end-June 2021, according to the RBI's half yearly report on management of foreign exchange reserves released on Wednesday.
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