Consider the following statement regarding India's Foreign Exchange Reserves:

I: It comprises of Special Drawing Rights (SDR), Reserve tranche position with International Monetary Fund, US treasury bonds, Gold and Silver.

II: Based on data published by the IMF, India ranked sixth globally in terms of foreign currency reserves as of the end of November 2022.

III: In most emerging market economies, the import coverage of foreign currency reserves has decreased since pre-pandemic levels;  however, it has increased in India.

Which of the statement is/are correct?