Sources of Variation in Foreign Exchange Reserves in India during April-December 2011 - आरबीआय - Reserve Bank of India
Sources of Variation in Foreign Exchange Reserves in India during April-December 2011
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for Q3 of 2011-12 (October-December 2011) on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2011 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-December 2011 During April-December 2011, there was a decline to 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 declined by US$ 7.1 billion during April-December 2011 as against an increase of US$ 11.0 billion during the same period previous year. The foreign exchange reserves (including the valuation effects) declined by US$ 8.1 billion during April-December 2011 as against an increase of US$ 18.3 billion during the same period a year ago (Table 2).
The valuation loss, reflecting the appreciation of the US dollar against major currencies, accounted for US$ 1.0 billion during April-December 2011 as compared with valuation gain of US$ 7.3 billion during the same period in the previous year. Accordingly, valuation loss accounted for 12.3 per cent of the total decline in foreign exchange reserves during April-December of 2011-12. Alpana Killawala Press Release : 2011-2012/1565 |