Mumbai, June 6 -- India's foreign exchange reserves (Forex) are sufficient to meet 11 months of the country's imports and about 96 per cent of external debt, said Governor Sanjay Malhotra while announcing the outcome of the Monetary Policy Committee (MPC) decisions on Friday.

The RBI governor expressed confidence, stating that India's external sector is resilient and key external sector vulnerability indicators are improving.

"As of May 30, 2025, India's foreign exchange reserves stood at USD 691.5 billion. These are sufficient to fund more than 11 months of goods imports, and about 96 per cent of external debt outstanding," said Governor Sanjay Malhotra.

On the other hand, External commercial borrowings (ECBs) and non-resident deposit...