Prime Minister: Manmohan Singh

The Age Of Stars

The gold airlift, liberalisation, and a floating rupee.

Vol. CXXXVThe edition of 2009 · The Open Economy6 records
Prime Minister
Manmohan Singh
President
Pratibha Patil
Finance Ministers
Manmohan Singh · Pranab Mukherjee
RBI Governor
Duvvuri Subbarao

Rupee per dollar

₹48.33

+11.4% on 2008

Inflation

10.88%

+2.53 pts on 2008

GDP growth

7.86%

+4.78 pts on 2008

Reserves

$284,683m

+10.6% on 2008

External debt

$256,312m

+12.9% on 2008

Brent crude

$61.74

−36.3% on 2008

Equities · 18 May 2009

Post-election rally (UPA re-elected)

Sensex +17.3% in one day (upper circuit)

Mirror image of 2004-05-17

ReportedOfficial record. Source: BSE

Markets & Money

1 item

Gold · 2 November 2009

RBI buys 200 t of IMF gold

≈USD 6.7 bn (≈SDR 4.2 bn), executed 2009-10-19 to 30 at market prices

Nearly half of the 403.3 t the IMF sold. RBI gold rose from 357 t to 557 t (+56%). An asset purchase, not a debt.

VerifiedOfficial record. Source: IMF Press Release 09/381

The Ledger: what was borrowed in 2009

Full ledger →
CreditorInstrumentAmountUS$ mStatusGrade
IBRD2009-09-22 package: Banking Sector Support P116020 (2,000) + IIFCL PPP P102771 (1,195) + Power System V P115566 (1,000); plus IDA 150 for Andhra Pradesh water the same day4,195 USD4,195disbursedverified
IMF (India as buyer, asset purchase, not debt)RBI purchase of 200 t of IMF gold, Oct–Nov 20096,700settledreported
World Bank (IBRD + IDA)Lending commitments, FY ended 2009-062.2 USD bn2,200Committedreported
IMF (India as lender, not borrower)G20 London: Note Purchase Agreement commitment10,000Committed 2009. Amount actually called not found.reported

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

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