Balance of payment

Forex reserves on BoP basis jump by $11.4 billion in Q1

On nominal terms, the foreign exchange reserves increased by USD 16.6 billion during the first quarter against increase of USD 3.3 billion during the same period last year.

Sep 15, 2017, 20:42 PM IST

BoP more than doubles to $7 bn in March quarter

The balance of payment (BoP) sharply jumped to USD 7.057 billion in the fourth quarter of 2013-14 from USD 2.68 billion in the same period in 2012-13, RBI data showed Monday.

May 26, 2014, 21:09 PM IST

More measures needed to overcome BoP challenges: HSBC

More measures from RBI and government are needed to overcome the balance of payment challenges and rupee depreciation, says a report by HSBC.

Aug 15, 2013, 13:33 PM IST

Balance of payment problems hamper rupee rescue

India has USD 280 billion of foreign exchange reserves. That is only enough to cover seven months of import bills, by far the lowest of the BRICs, the four major emerging market economies.

Aug 12, 2013, 09:35 AM IST

Gold price crash to help improve BoP position: Rangarajan

Sharp decline gold prices will have favourable impact on the economy especially the high current account deficit (CAD) and the overall Balance of Payment (BoP) position, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.

Apr 21, 2013, 11:32 AM IST

Pranab blames global volatility for pressure on rupee

With the rupee fast losing value against the US dollar, Finance Minister Pranab Mukherjee on Friday blamed volatility in global commodity prices for currency depreciation and said deteriorating balance of payment (BoP) situation in several Asian countries also put stress on currencies.

May 04, 2012, 12:17 PM IST