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BoP more than doubles to $7 bn in March quarter

Last Updated: Monday, May 26, 2014, 21:09

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.

More measures needed to overcome BoP challenges: HSBC

Last Updated: Thursday, August 15, 2013, 13:33

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

Balance of payment problems hamper rupee rescue

Last Updated: Monday, August 12, 2013, 09:35

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.

Gold price crash to help improve BoP position: Rangarajan

Last Updated: Sunday, April 21, 2013, 11:32

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.

Pranab blames global volatility for pressure on rupee

Last Updated: Friday, May 04, 2012, 12:17

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.

Signals 'disturbing', but not 1991-type situation now: RBI

Last Updated: Sunday, April 15, 2012, 16:42

Reserve Bank Governor D Subbarao has said that rising fiscal deficit and short-term debt levels are "quite disturbing" but the nation is not facing a repeat of a 1991 balance of payment crisis.