https://www.taxtmi.com/news?id=1990 Reserves rose during April-March 2010-11 through net capital inflows and valuation gains. The current account deficit reduced reserves, while net capital account surpluses-driven by foreign investment (FDI and portfolio inflows), external commercial borrowings, banking capital including NRI deposits, short term trade credit, and external assistance-added to reserves, partly offset by other capital items. Valuation gains from US dollar depreciation against major currencies accounted for about half of the total increase; on a BoP basis (excluding valuation effects) reserve accumulation was substantially smaller. en-us Sun, 10 Jul 2011 21:48:53 +0530 Mon, 11 Jul 2011 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1990 Reserves rose during April-March 2010-11 through net capital inflows and valuation gains. The current account deficit reduced reserves, while net capital account surpluses-driven by foreign investment (FDI and portfolio inflows), external commercial borrowings, banking capital including NRI deposits, short term trade credit, and external assistance-added to reserves, partly offset by other capital items. Valuation gains from US dollar depreciation against major currencies accounted for about half of the total increase; on a BoP basis (excluding valuation effects) reserve accumulation was substantially smaller. News - Sun, 10 Jul 2011 21:48:53 +0530 https://www.taxtmi.com/news?id=1990