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FOREIGN EXCHANGE MANAGEMENT

With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.

Press Release


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Date : Apr 15, 2020
Monthly Data on India’s International Trade in Services- February 2020

The Reserve Bank of India releases monthly data on India’s international trade in services with a lag of around 45 days.

The value of exports and imports of services during the month of February 2020 are given in the following Table:

Table: International Trade in Services
(US$ Million)
Month Receipts (Exports) Payments (Imports)
January - 2020 18,985 12,001
February - 2020 17,725 11,067
Note: Data are provisional.

Monthly data on services are provisional and would undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis.

Ajit Prasad
Director  

Press Release: 2019-2020/2223


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