Prime Minister: Manmohan Singh

The Age Of Stars

The gold airlift, liberalisation, and a floating rupee.

Vol. CXXXIIIThe edition of 2007 · The Open Economy7 records

Rupee per dollar

₹41.18

−8.9% on 2006

Inflation

6.37%

+0.58 pts on 2006

GDP growth

7.66%

−0.4 pts on 2006

Reserves

$276,578m

+55.3% on 2006

External debt

$204,058m

+27.9% on 2006

Brent crude

$72.61

+11.3% on 2006

Global equities incl. India · 27 February 2007

Shanghai/Chinese market sell-off transmits globally

Early marker of the late-2007 turbulence; not verified in this session

UnconfirmedOfficial record. Source: Not sourced in this session

2 items

Global interbank markets; Indian equities and the rupee · 9 August 2007

Follows the sub-prime collapse; Indian credit growth was still near its 2006-07 peak at this point

UnconfirmedOfficial record. Source: Not sourced in this session

Indian equities · 16 October 2007

A sharp two-way swing in the Sensex over two sessions; SEBI modified the proposals the next day. Point magnitude not verified in this session

UnconfirmedOfficial record. Source: Not sourced in this session

Creditor	Instrument	Amount	US$ m	Status	Grade
FCCB holders (not named)	Reliance Communications foreign-currency convertible bond	1,270 USD	1,270	due Mar 2012	verified
ECB lenders (aggregate)	ECB approvals, FY2007-08, peak before 2011 (29,112 disbursed)	28,842 USD	28,842	flow	verified
Various (ECB lenders not disclosed)	ECB raised by Indian companies, Apr 2007–Feb 2008	20.58 USD bn	20,580	The only figure found came from a search summary and I did not see it in an RBI table, so confidence is `unknown`. Full-year FY08 ECB, and all years to FY17, are not found by me; they are published in RBI ECB monthly data.	unknown
International Monetary Fund	No IMF borrowing				reported

Rows are listed as recorded. Some describe the same loan from different sources and must not be added together.

1875 to 2017