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: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: form 3cd :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: TDS
 
 
« Latest Circulars »
 Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL)
  Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
 RBI-Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)
 RBI-Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18
 Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
 RBI releases Data on India’s International Trade in Services: June 2017
 RBI-Reserve Bank Commercial Paper Directions, 2017
  RBI announces OMO Sale of Government of India Dated Securities
 Risk Management and Interbank Dealings- Reports to the Reserve Bank
  RBI announces OMO Sale of Government of India Dated Securities
 Income Tax Appellate Tribunal Ahmedabad Benches , Ahmedabad S/shri S.S. Godara, JM & Manish Borad, Am Causelist For Bench 'A' 07-08-2017

Sources of Variation in Foreign Exchange Reserves in India during April-June 2016
September, 26th 2016

Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2016 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June, 2016 have been compiled.

Sources of Variation in Foreign Exchange Reserves: April-June 2016

The sources of variation underlying the increase in the foreign exchange reserves during April-June 2016 are set out in Table 1.

Table 1: Sources of Variation in Foreign Exchange Reserves*
(US$ billion)
Items 2015-16
April-June
2016-17
April-June
I.   Current Account Balance -6.1 -0.3
II.   Capital Account (net) (a to f) 17.6 7.3
  a. Foreign Investment (i+ii) 10.2 6.2
    (i) Foreign Direct Investment 10.0 4.1
    (ii) Portfolio Investment 0.2 2.1
           Of which:    
               FII -0.2 1.2
               ADR/GDR 0.3 0.0
  b. Banking Capital 11.0 -0.1
         Of which: NRI Deposits 5.9 1.4
  c. Short term credit -2.4 -0.3
  d. External Assistance 0.3 0.7
  e. External Commercial Borrowings 0.4 -2.1
  f. Other items in capital account -2.0 3.0
III.   Valuation change 2.9 -3.6
    Total (I+II+III) @
Increase in reserves(+) / Decrease in reserves (-)
14.4 3.3
* : Based on old format of BoP which may differ from the new format (BPM6) in the treatment of transfers under the current account and ADRs/ GDRs under portfolio investment.
@ : 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$ 7.0 billion during April-June 2016 as compared with an accretion of US$ 11.4 billion during April-June 2015. The foreign exchange reserves in nominal terms (including the valuation effects) increased by US$ 3.3 billion during April-June 2016 as compared with an increase of US$ 14.4 billion during the same period last year (Table 2).

Table 2: Comparative Position of Variation in Reserves
(US$ billion)
Items 2015-16 2016-17
April-June April-June
1 Change in Foreign Exchange Reserves
(Including Valuation Effects)
14.4 3.3
2 Valuation Effects
(Gain (+)/Loss (-))
2.9 -3.6
3 Change in Foreign Exchange Reserves on BoP basis
(i.e., Excluding Valuation Effects)
11.4 7.0
Note : Increase in reserves (+)/Decrease in reserves (-).
Difference, if any, is due to rounding off.

Valuation loss, mainly reflecting the appreciation of the US dollar against major currencies, amounted to US$ 3.6 billion during April-June 2016 as against a gain of US$ 2.9 billion during the same period of the preceding year.

Alpana Killawala
Principal Adviser

Press Release : 2016-2017/728

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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