Sources of Variation in Foreign Exchange Reserves in India during April-September 2016 - ਆਰਬੀਆਈ - Reserve Bank of India
Sources of Variation in Foreign Exchange Reserves in India during April-September 2016
Earlier today, the Reserve Bank of India released the balance of payments (BoP) data for July-September 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-September 2016 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-September 2016 During April-September 2016, 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$ 15.5 billion during April-September 2016 as compared with an increase of US$ 10.6 billion during April-September 2015. The foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 11.8 billion during April-September 2016 as compared with an increase of US$ 8.7 billion during the same period of the preceding year (Table 2). The valuation loss, mainly reflecting the appreciation of the US dollar against major currencies, amounted to US$ 3.7 billion during April-September 2016 as compared with US$ 1.9 billion during the same period of the preceding year. Alpana Killawala Press Release : 2016-2017/1507 |