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    <title>India’s forex reserves position comfortable for import cover of more than 18 months &amp; provide cushion against unforeseen external shocks</title>
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    <description>India&#039;s foreign exchange reserves provide an import cover of more than eighteen months and serve as a buffer against external shocks. External vulnerability metrics reported include a forex reserves to total external debt ratio of 101.2% and a short term external debt to reserves ratio of 17.5% at end March 2021, with volatile capital flows to reserves at 67.0% at end December 2020. Over 90% of reserves are held as foreign currency assets in a diversified multi currency portfolio of major international currencies.</description>
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