Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: due date for vat payment :: VAT Audit :: form 3cd :: list of goods taxed at 4%
 
 
« Latest Circulars »
 Inclusion of “Suryoday Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934
  Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives
 RBI to regulate peer-to-peer lending firms
  Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)
 Auction for Sale (Re-issue) of Government Stock (GS)
 RBI-Auction of Government of India Dated Securities September 18, 2017
 RBI releases Handbook of Statistics on the Indian Economy 2016-17
 Sources of Variation in Foreign Exchange Reserves in India during April-June 2017
 Inclusion of “Emirates NBD Bank (P.J.S.C)” in the Second Schedule to the Reserve Bank of India Act, 1934
  Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission

RBI-Sources of Variation in Foreign Exchange Reserves in India during April-December 2015
March, 22nd 2016

Earlier today, the Reserve Bank of India released the Balance of Payments (BoP) data for October-December 2015 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2015 have been compiled.

Sources of Variation in Foreign Exchange Reserves: April-December 2015

During April-December 2015, there was an increase in the foreign exchange reserves. The sources of variation in the foreign exchange reserves are set out inTable 1.

Table 1: Sources of Variation to Foreign Exchange Reserves*
(US$ billion)
Items 2014-15
April-December
2015-16
April-December
I.   Current Account Balance -26.2 -22.0
II.   Capital Account (net) (a to f) 57.4 36.6
  a. Foreign Investment 50.5 24.1
    of which: Foreign Direct Investment 22.0 27.4
    Portfolio Investment 28.5 -3.4
    FII 28.5 -4.0
    ADR/GDR 0.0 0.4
  b. Banking Capital 10.0 19.6
    Of which: NRI Deposits 10.1 11.7
  c. Short term credit -2.7 -4.2
  d. External Assistance 1.0 0.5
  e. External Commercial Borrowings 0.7 -1.8
  f. Other items in capital account -1.9 -1.6
III.   Valuation change -14.8 -5.9
    Total (I+II+III) @
Increase in reserves (+) / Decrease in reserves (-)
16.4 8.7
*: Based on old format of BoP.
@: Difference, if any, is due to rounding off.
Note: ‘Other items in capital account’ apart from ‘Errors and Omissions’ include SDR allocations, leads and lags in exports, funds held abroad, advances received pending issue of shares under FDI and transactions of capital receipts not included elsewhere.

On a balance of payments basis (i.e., excluding valuation effects), the foreign exchange reserves increased by US$ 14.6 billion during April-December 2015 as compared with US$ 31.3 billion during April-December 2014. The foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 8.7 billion during April-December 2015 as compared to US$ 16.4 billion during the same period of preceding year (Table 2).

Table 2: Comparative Position of Variation in Reserves
(US$ billion)
Items 2014-15 2015-16
April-December April-December
1 Change in Foreign Exchange Reserves
(Including Valuation Effects)
16.4 8.7
2 Valuation Effects
(Gain (+)/Loss (-))
-14.8 -5.9
3 Change in Foreign Exchange Reserves on BoP basis
(i.e., Excluding Valuation Effects)
31.3 14.6
Note: Increase in reserves (+)/Decrease in reserves (-).
Difference, if any, is due to rounding off.

The valuation loss mainly reflecting the appreciation of the US dollar against major currencies, amounted to US$ 5.9 billion during April-December 2015 as compared with US$ 14.8 billion during the same period of the preceding year.

Alpana Killawala
Principal Adviser

Press Release : 2015-2016/2217

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions