Sources of Variation in Foreign Exchange Reserves in India during April-June 2012 - আৰবিআই - Reserve Bank of India
Sources of Variation in Foreign Exchange Reserves in India during April-June 2012
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for Q1 of 2012-13 (April-June 2012) on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June 2012 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-June 2012 During April-June 2012, there was a drawdown of the foreign exchange reserves. The sources of variation in the foreign exchange reserves are set out in Table 1.
On a balance of payments basis (i.e., excluding valuation effects), the foreign exchange reserves increased by US$ 0.5 billion during April-June 2012 as against an increase of US$ 5.5 billion during the same period previous year. The foreign exchange reserves (including the valuation effects) declined by US$ 4.7 billion during April-June 2012 as against an increase of US$ 10.9 billion during the same period a year ago (Table 2).
The valuation losses, reflecting the appreciation of the US dollar against major currencies, accounted for US$ 5.2 billion during April-June 2012 as against valuation gains of US$ 5.4 billion during the same period last year. Ajit Prasad Press Release : 2012-2013/536 |