Sources of Variation in Foreign Exchange Reserves in India during 2013-14 - RBI - Reserve Bank of India
Sources of Variation in Foreign Exchange Reserves in India during 2013-14
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for January-March 2014 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2013-14 have been compiled. Sources of Variation in Foreign Exchange Reserves: 2013-14 During 2013-14, 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$ 15.5 billion during 2013-14 as compared to an increase of US$ 3.8 billion during 2012-13. The foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 12.2 billion during 2013-14 as against a decline of US$ 2.4 billion during the same period of preceding year (Table 2).
The valuation loss, reflecting the cross currency movements and the decline in gold prices, amounted to US$ 3.3 billion during 2013-14 as compared to a valuation loss of US$ 6.2 billion in the previous year. Alpana Killawala Press Release : 2013-2014/2289 |