India's forex sufficient to meet 11 months of imports, 96 pc of external debt: RBI

India's foreign exchange reserves can cover more than 11 months of imports and 96 per cent of external debt by the end of June 2024. As of December 13, 2024, reserves stand at USD 652.9 billion. The Reserve Bank of India has intervened to manage the Rupee, promoting stability in the forex market.