Sources of Variation in Foreign Exchange Reserves in India during April-September 2017 - আরবিআই - Reserve Bank of India
Sources of Variation in Foreign Exchange Reserves in India during April-September 2017
Earlier today, the Reserve Bank of India released the balance of payments (BoP) data for July-September 2017 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-September 2017 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-September 2017 During April-September 2017, there was an increase in 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$ 20.9 billion during April-September 2017 as compared with an increase of US$ 15.5 billion during April-September 2016. The foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 30.3 billion during April-September 2017 as compared with an increase of US$ 11.8 billion during the same period of the preceding year (Table 2). The valuation gain, mainly reflecting the depreciation of the US dollar against major currencies, amounted to US$ 9.3 billion during April-September 2017 as against a loss US$ 3.7 billion during the same period of the preceding year. Jose J. Kattoor Press Release : 2017-2018/1619 |