As per recent media reports, the private sector has been concerned about the shortage in the Indian rupee component of the national foreign exchange reserves. The government hereby clarifies that, while there have been shortages in the Indian rupee component, the overall foreign exchange reserve is well within the threshold levels. Currently, as per the RMA, the foreign exchange reserve situation is US dollars 691.76 million. That is equivalent to 13.5 months of imports, which is favourable, compared to not less than 6 months in other countries...........
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