<h1>India's Foreign Exchange Reserves Steady in 2012, Offering Seven Months Import Cover.</h1> The Economic Survey 2012-13, presented in the Lok Sabha, reports that India's foreign exchange reserves remained steady, fluctuating between US $286.0 billion in May 2012 and US $295.6 billion by December 2012. By the end of December, reserves increased slightly by US $1.2 billion from March 2012, providing approximately seven months of import cover. These reserves include foreign currency assets, gold, special drawing rights, and the reserve tranche position in the IMF. The Reserve Bank of India's market interventions and currency valuation changes primarily influence the reserve levels.