India's net international investment position stood at -13.1% of GDP (USD -353 bn) in Q4 FY21, an improvement over -13.9% (USD -375 bn) in Q4 FY20. The improvement has been due to significant build-up in RBI's FX Reserves.
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Jul 05, 2021
What India's Net IIP says about its FX Reserves
India’s net international investment position stood at -13.1% of GDP (USD -353 bn) in Q4 FY21, an improvement over -13.9% (USD -375 bn) in Q4 FY20. The improvement has been due to significant build-up in RBI’s FX Reserves. What cover does FX Reserves provide to NIIP? Is there any takeaway for reserve adequacy?