Import cover of reserves may fall even at $600 billion, as imports will rise in FY'22

Import cover of reserves may fall even at $600 billion, as imports will rise in FY'22

Import cover of reserves may fall even at $600 billion, as imports will rise in FY'22Jun 17, 2021, 07:40 PM IST

India's foreign exchange reserves which crossed the $600 billion marks may be deceptive as the import cover of reserves - the number of months' imports that the reserves can finance - is expected to slip to less than 15 months' imports given the imports projection for FY'22 from the near current adequacy of 20 months' imports, an RBI research paper said.

BharatPe FY21 revenue jumps over six times to Rs 700 cr, targets to double it in FY22Jun 17, 2021, 07:40 PM IST

The company gives small-ticket fully unsecured loans averaging at Rs 75,000 to its merchant members. It disbursed Rs 1,600 crore in 2020-21 to 1.8 lakh merchant customers, which was only Rs 150 crore in 2019-20, BharatPe Group President Suhail Sameer told PTI on Thursday.

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