India’s international financial liabilities increased by $ 10.5 billion

India’s international financial liabilities increased by $ 10.5 billion to reach $ 723.9 billion at the end of December 2012, according to the report.

Created on: Mar 30, 2013 10:50 ISTModified on: March 30, 2013 10:52 IST

India’s international financial liabilities increased by $ 10.5 billion to reach $ 723.9 billion at the end of December 2012, according to India’s international investment position (IIP) report released by RBI in March. 2013.

During the period October-December 2012, the international financial assets of Indian citizens remained unchanged at $ 441.9 billion.

Net claims of non-residents on India (as reflected by net IIP, i.e. international financial assets abroad minus international financial liabilities) increased by $ 10.4 billion US dollars compared to the previous quarter to reach US $ 282.0 billion at the end of December 2012, mainly due to an increase of US $ 10.5 billion in liabilities Changes in the IIP also reflect changes in valuation resulting from exchange rate fluctuations.

Due to the depreciation of the rupee from the end of September 2012 to the end of December 2012, the equity commitments in US dollars were revised downwards by 13.2 billion US dollars (8.4 billion US dollars in direct investment and US $ 4.8 billion in portfolio investments).

India’s ratio of international financial assets to international financial liabilities declined to 61.0% in December 2012 (61.9% in September 2012).

What is the international investment position (IAP)?

The international investment position is a statistical statement that shows the value and composition of the financial assets of residents of an economy and the liabilities of residents of an economy to non-residents.

Such an analysis of the balance sheet of international accounts helps to understand the sustainability and vulnerability of the economy.

Changes in a country’s international investment position also reflect changes in valuation resulting from fluctuations in exchange rates.

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