Sources of Variation in Foreign Exchange Reserves in India during April-September 2014 - RBI - Reserve Bank of India
Sources of Variation in Foreign Exchange Reserves in India during April-September 2014
Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for July-September 2014 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-September 2014 have been compiled. Sources of Variation in Foreign Exchange Reserves: April-September 2014 During April-September 2014, 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$ 18.1 billion during April-September 2014 as against a decline of US$ 10.7 billion during April-September 2013. The foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 9.6 billion during April-September 2014 as against a decline of US$ 14.8 billion during the same period of preceding year (Table 2).
The valuation loss, mainly reflecting the appreciation of the US dollar against major currencies, amounted to US$ 8.5 billion during April-September 2014 as compared with US$ 4.1 billion during the same period of preceding year. Alpana Killawala Press Release : 2014-2015/1177 |