At the end of March,held 760.42 metric tonnes of gold (including gold deposits of 11.08 metric tonnes). While 453.52 metric tonnes of gold is held overseas with the and the ( ), 295.82 metric tonnes of gold is held domestically, RBI said in its half-yearly report on management of forex reserves.
Total foreign exchange reserves were at $607.309 billion.
The report also said that India’s foreign exchange reserves were adequate to cover around 13 months of imports at the end of 2021 when reserves were at $633.6 billion.
The reserves fell to $597.7 billion as on April 29 this year, and therefore import coverage has depleted from the December level. The reserves hit an all-time high of $642.453 billion on September 3 last year which were enough to cover nearly 15 months of imports on a balance of payments basis.
The foreign currency assets comprise