Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: cpt :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES
 
 
Latest Circulars »
 Payment Systems - Next Orbit (Shri R. Gandhi, Deputy Governor - February 20, 2017 - at the launch of Bharat QR Code at Hotel Trident, Mumbai)
 Financing MSMEs: Banks & FinTechs – Competition, Collaboration or Competitive Collaboration? (Shri S. S. Mundra, Deputy Governor – February 20, 2017 – at the NAMCABS Seminar organized by College of Agricultural Banking in Mumbai)
 Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors
 RBI-Formation of twenty one new districts in the State of Telangana - Assignment of Lead Bank Responsibility
 RBI imposes penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara
 Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List–M/s HDFC Bank Ltd.
 Reserve Bank of India seeks Comments on Draft Circular on Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions
 Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
 RBI-Foreign Investments in India
  RBI cancels the Licence of the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, Pune, Maharashtra
  Finance Minister meets the Directors of the RBI Central Board

RBI-Sources of Variation in Foreign Exchange Reserves in India during April-June 2016
September, 22nd 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.
Integrated Software Solutions Integrated Software Development Integrated Software Services Integrated Software Solutions India Integrated Softw

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