Sources of Variation in Foreign Exchange Reserves in India during April-December 2013 - आरबीआई - Reserve Bank of India
Sources of Variation in Foreign Exchange Reserves in India during April-December 2013
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for October-December 2013 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April- December 2013 have been compiled. Sources of Variation in Foreign Exchange Reserves: April- December 2013 During April-December 2013, 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 balance of payments basis (i.e., excluding valuation effects), the foreign exchange reserves increased by US$ 8.4 billion during April-December 2013 as compared to an increase of US$ 1.1 billion during April-December 2012. The foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 1.8 billion during April-December 2013 as compared to an increase of US$ 1.2 billion during the same period of preceding year (Table 2).
The valuation loss, mainly due to decline in international prices of gold, amounted to US$ 6.6 billion during April-December 2013 as against a marginal valuation gain of US$ 0.1 billion during the same period of preceding year. Alpana Killawala Press Release : 2013-2014/1753 |