The document discusses India's declining foreign exchange reserves from March 2013 to September 2013. It notes that India's reserves fell from $294 billion to $275 billion during this period due to rapid outflows of foreign institutional investments and a lack of foreign direct investment inflows. It also discusses the effects of the rupee's depreciation against the US dollar from March 2013 when $1 was equal to 54.33 rupees to October 9, 2013 when $1 equaled 61.89 rupees, including increased domestic petrol prices and inflation. Tables provide data on India's foreign exchange reserves over time and compare it to other countries.

1. 

Manoj Shinde
Abhijit Shetye


Anand Daripkar
Arun Singh
1

2. 
Foreign Exchange Reserve: (RBI)







March 2013: $294 Billion
Sept 2013: $275 Billion
Rapid outflow of FII
No inflow of FDI
March 2013 : $1= 54.33
Today(9 oct, 2013): $1=61.89
Effects


Hike in Domestic Petrol Prices
Hike in inflation
2

3. Source: RBI.org.in
3

4. Rank
Country
FOREX
Date
01
People's Republic of China
3,515,738
March 2013[2]
2
Japan
1,254,033
Jul 2013[2]
Eurozone
781,536
Jul 2013[2]
3
Saudi Arabia
688,431
Jul 2013[3]
4
Switzerland
516,705
Jul 2013[2]
5
Russia
512,834
Jul 2013[2]
7
Brazil
367,002
Aug 2013[2]
8
Republic of Korea
329,709
Jul 2013[2]
9
Hong Kong
303,582
Jun 2013[2]
10
India
275,572
13 sept 2013[2]
4

5. Rank
Country
AprMar 2012
AprMar 2013
%Growth
%Share
1
CHINA P RP
275,998.64
284,384.59
3.04
10.65
2
U ARAB EMTS
171,126.62
212,923.33
24.42
7.98
3
SAUDI ARAB
149,349.99
184,684.80
23.66
6.92
4
SWITZERLAND
155,126.43
174,511.85
12.50
6.54
5
USA
117,293.31
137,238.59
17.00
5.14
6
IRAQ
90,651.51
104,596.36
15.38
3.92
7
KUWAIT
79,188.35
90,184.25
13.89
3.38
8
QATAR
61,895.48
85,457.78
38.07
3.20
9
INDONESIA
69,759.13
80,965.70
16.06
3.03
10
GERMANY
78,095.29
77,933.66
-0.21
2.92
13.80
100.00
Total
2,345,463.23 2,669,161.95
Source: www.commerece.nic.in (ministry of commerce)
5

6. Rank
Country
Apr-Mar 2012
Apr-Mar 2013
%Growth
%Share
1
U ARAB EMTS
172,268.48
197,832.08
14.84
12.10
2
USA
166,474.31
196,771.28
18.20
12.04
3
SINGAPORE
80,363.29
73,995.35
-7.92
4.53
4
CHINA P RP
87,669.37
73,772.71
-15.85
4.51
5
HONG KONG
61,877.23
66,898.17
8.11
4.09
6
NETHERLAND
43,913.77
57,380.34
30.67
3.51
7
SAUDI ARAB
27,208.20
53,244.76
95.69
3.26
1,465,959.38
1,634,318.83
11.48
100.00
TOTAL
Source: www.commerece.nic.in (ministry of commerce)
6

7. 
Import in Cr Rs
No.
Commodity
Apr- Mar 12
Apr- Mar 13
% Growth
%Share
1
Petroleum
(Crude Oil)
743,074.88
($120 Billion)
891,870.86
($145 Billion)
20.02
33.41
2
Gold
269,900.71
($ 44 Billion)
292,146.29
($ 47 Billion)
8.24
10.95
3
Others
($ 216 Billion)
($ 238 Billion)
TOTAL
2,345,463.24
2,669,161.95
($ 380 Billion) ($ 431 Billion)
55.64%
13.80
Source: www.commerece.nic.in (ministry of commerce)
100.00
7

8. 
Import in Cr Rs
Rank
Commodity
Apr-Mar 2012
Apr-Mar 2013
%Growth
%Share
1
PETROLEUM
267,914.83
($ 43 Billion)
330,790.01
($ 53 Billion)
23.47
20.24
2
GEMS & JEWELLARY
214,888.91
236,162.03
9.90
14.45
Total
1,465,959.39
1,634,318.83
11.48
100.00
Source: www.commerece.nic.in (ministry of commerce)
8

9. 




1 barrel = $110,(26 sept 2013), = 110*62= 6820rs
Highest =$118 (jan-feb,2013)
Lowest= $98 (April, 2013)
$147 on 11July 2008 and then $32 in december
2008
Lowest $17(Jan 1999)
9

10. 





1 barrel = $110, (26 sept 2013), = 110*62= 6820rs
1 barrel contains 42 gallons of oil and 1 gallon=
3.79 liters. So 1 barrel = 159 liters of crude oil
So 1 liter of crude oil= 6820/159=42.89=43rs
Taxes:
State Tax= Rs 20/lit
Central Taxes


Custom Duty= 2.5%=Rs 1.22/lit
Excise Duty= 30%= Rs 14.78/lit
10

11. City
International
Price
Central
Tax
State
Tax
Total
Mumbai
Rs 43
Rs 18.8
Rs 21.3
Rs 83.1
Delhi
Rs 43
Rs 20.2
Rs 16.7
Rs 79.9
Chennai
Rs 43
Rs 19.1
Rs 20.8
Rs 82.9
Kolkata
Rs 43
Rs 19
Rs 20.6
Rs 82.6
11

12. 12

13. 



2nd largest commodity in import
No 1 Importer in Globe
20 tonnes more than China (China is major
producer also)
Gold investment in India= Rs 58,725 Cr
as of Sept 2012
13

14. 

Decided by group of bankers in London, twice
a day
International price:
Q4, FY12= $1674/ounce
 Q4, FY13= $ 632/ ounce
 Oct 9, 2013= $ 1305/ ounce



1 ounce = 28.35 gm
So



28.35 gram=$1305*62=Rs 80000/Tax 15 %, 28.35 gram=Rs 93,000/10 gram = Rs 32000 /14

15. 15

16. 16

17. 
Gold Import:
2012-13= 8oo tonnes
 ($47 Billions, estimated was $ 36 Billion)
 2013-14( estimated)= 725 tonnes
 Q2, FY 13 = 310 tonnes ($ 18.2 Billion)
(10 yrs highest)
 Q3, FY 13= 135 tonnes ($ 8 Billion)


Gold Tax:




Jan 2013=2% to 6%
June5, 2013= 8%
Aug, 2013= 10%
Today = 15%
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18. 


Substitute for Petrol (Crude Oil): CNG is
looked as best substitute for petrol.
Subsidy on petrol is lowered, however Diesel is
still subsidized to keep prices constant and to
control inflation.
Sport Bikes and luxurious cars are heavily
taxed.
(Excluding transport vehicles)



High tax on Gold (2% in Jan to 15% in Sept)
Trying to keep gold prices constant
Diverting gold investment into industrial
sector
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21. THANK YOU
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