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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO: 4035
ANSWERED ON:  04.01.2019
Foreign Exchange Reserve
AJAY NISHAD
Will the Minister of



FINANCE be pleased to state:-


(a) the total Foreign Exchange available in the country;

(b) the name of those countries whose currency is available in the Foreign Exchange Reserve of the country;

(c) the amount invested by the Reserve Bank of India out of the said Foreign Exchange Reserve during the last three years; and

(d) the steps taken by the Government to deal with the problems of the current economic situation especially inflation?


ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PON RADHAKRISHNAN)

(a) & (b) India’s total Foreign Exchange Reserves were US$ 393.1 billon as on 14th December 2018. The major currencies that are part of the Foreign Exchange reserves include; US dollar (USA), Euro (European Union), Pound sterling (UK), Japanese yen (Japan), etc.

(c) The amount invested from Foreign Exchange Reserves during the last 3 years is given in Table 1.

Table 1: The investments out of India’s Foreign Exchange Reserves
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Investment of USD Million USD Million USD Million
Foreign (As at end of Sep 2018) (As at end of Sep 2017) (As at end of Sep 2016)
Exchange Reserves
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Foreign Currency Assets
(FCA) 376,243 375,186 346,711
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(d) The Government has taken various steps to boost the GDP growth of the economy. These, inter-alia, include; fillip to manufacturing via Make in India programme and measures to improve ease of doing business, concrete measures for transport sector including measures for regional connectivity and power sector via schemes like Ujjwal DISCOM Assurance Yojana (UDAY), starting of Multi Modal Terminal on River Ganga to promote inland waterways, comprehensive reforms in the foreign direct investment policy and introduction of the Goods and Services Tax (GST) to improve growth momentum by reducing barriers to trade, business and related economic activities.

Inflation based on Consumer Price Index – Combined (CPI-C) during the last six months is presented in Table 2.

Table 2: Inflation based on CPI-C (in per cent)
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Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 (P)
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CPI-C 4.9 4.2 3.7 3.7 3.4 2.3
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Note: (P) – Provisional. Source: Central Statistics Office (CSO)

It is seen that the headline inflation based on CPI-C has declined from 4.9 per cent in June, 2018 to 2.3 per cent in November, 2018.
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