A strong influx of remittances, a current account item, could have bolstered reserves too, but this too will be known after a while. For example, foreign direct investment has been strong, but the amount will be known with a lag. Not much is known about the other components. What explains this huge increase in FX reserves? Considering the steady decline of FX assets-$1.2 billion each in January and February 2016, a steeper $2.4 billion fall in November 2015 and a small $159 million increase in December, what underlies this remarkable turnaround? How has the position swung so sharply?įoreign portfolio investments, a major source on the capital account side, were net surplus at $2.9 billion in March.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |