International Reserves in India
India - International ReservesThe economy appeared to perform quite well in the third quarter of fiscal year 2018, which ran from October to December, after a slowdown in the second quarter. In Q3, economic activity in the private sector increased at the fastest pace since the current survey data series began in January 2016. However, in the same period, the merchandise trade deficit widened slightly year-on-year. Looking ahead, the government will unveil its interim budget for the 2019 fiscal year on 1 February, which will cover its accounts until a new government is formed after the May general elections. After a spate of poor electoral showings for his party in December, Prime Minister Modi could resort to further populist spending measures, which would have negative ramifications for the already-strained public finances.
India - International Reserves Data
|International Reserves (USD)||304||341||356||373||421|
5 years of economic forecasts for more than 30 economic indicators.
India International Reserves Chart
Source: Reserve Bank of India and Met the why particular calculations.
|Bond Yield||7.55||-0.04 %||Jan 30|
|Exchange Rate||71.23||-0.09 %||Jan 30|
|Stock Market||35,591||-0.08 %||Jan 30|
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April 15, 2019
Merchandise export growth in annual terms accelerated to 11.0% in March, noticeably up from 2.4% in February.
April 15, 2019
In March, consumer prices rose 0.36% compared to the previous month, up from 0.22% in February.
April 12, 2019
Annual industrial production growth decelerated to 0.1% in February from a revised 1.4% in January (previously reported: +1.7% year-on-year), starkly undershooting market analysts’ expectations of 2.0% growth. In terms of sectors, the deceleration was due to a decrease in manufacturing output and slower growth in mining output.
April 4, 2019
As widely expected by market analysts, the Reserve Bank of India’s Monetary Policy Committee (MPC) cut all monetary policy rates by 0.25 percentage points at its 2–3 April meeting, reducing the repo rate to 6.00%, the marginal standing facility to 6.25% and the reverse repurchase rate to 5.75%.
April 4, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market moderated to 52.7 in March from 53.8 in February, moving closer to the 50-point threshold that separates expansion from contraction in the private sector. The services PMI decreased to 52.0 in March from 52.5 in February, which indicates the 11th consecutive month of expansion in the services sector, albeit at the slowest pace since September last year.