1. Reserve Bank of India - Liabilities and Assets

(Rs.crore)

2002

2003

Variation

Item

Oct. 25

Oct. 17

Oct. 24#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

—

—

—

—

—

State Governments

6,227

3,147

4,527

1,380

–1,700

(1) Includes foreign securities, balances held abroad and investments in foreign shares/bonds. (2) Effective October 17, 1990, gold is valued close to international market price. (3) Excludes investments in foreign shares and bonds and in Government of India rupee securities.

2. Foreign Exchange Reserves

Variation over

Item

As on Oct. 24,
2003

Week

End-March
2003

End-December
2002

Year

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

1

2

3

4

5

6

7

8

9

10

11

Total Reserves

4,16,748

91,892

2,442

577

58,468

16,464

78,399

21,447

   1,06,930

    27,853

of which :

(a)Foreign Currency Assets

3,98,764

87,969

2,441

577*

57,288

16,079

76,990

20,975

1,04,957

27,240

(b)Gold

17,967

3,919

—

—

1,182

385

1,425

475

2,003

619

(c) SDRs

17

4

1

—

–2

—

–16

–3

–30

–6

Memo Item : RTP**

5,479

1,209

32

8

2,289

537

2,298

547

2,302

552

* : Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves. For details, please refer to the Current Statistics section of the RBI Bulletin.
** : Foreign exchange reserves do not include India's Reserve Tranche Position (RTP) with the International Monetary Fund (IMF). RTP may change, from time to time, due to India's transactions under the Financial Transaction Plan with the IMF as well as changes in SDR exchange ratesvis-a-vis rupee and US dollar.

3. Scheduled Commercial Banks - Business in India

(Rs. crore)

Outstanding

Variation over

Item

as on 2003

Fortnight

Financial year so far

Year-on-year

Oct. 17#

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits @

13,85,842

2,896

1,36,922

1,04,988

1,88,961

1,45,560

(0.2)

(12.4)

(8.2)

(18.0)

(11.7)

[12.9]

[9.9]

[18.8]

[13.7]

Demand

1,87,689

–5,607

3,866

17,399

16,789

30,774

Time @

11,98,153

8,503

1,33,056

87,589

1,72,172

1,14,786

Bank Credit

7,52,411

–921

83,115

23,196

1,29,721

79,574

(–0.1)

(14.1)

(3.2)

(23.9)

(11.8)

Food Credit

34,151

–3,221

–1,273

–15,328

2,425

–18,554

Non-food credit

7,18,260

2,300

84,388

38,524

1,27,297

98,127

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data also reflect redemption of Resurgent India Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003. Figures in italics are percentage variations net of RIBs and IMDs as the case may be.

5. Accommodation Provided by Scheduled Commercial Banks to Commercial Sector in the form of Bank Credit and Investments in Shares/Debentures/Bonds/Commercial Paper etc.

(Rs. crore)

2003 - 2004

2002 - 2003

Outstanding

Variations

Outstanding

Variations

Item

as on 2003

(3) - (2)

as on 2002

(6) - (5)

Mar. 21

Oct. 17

Mar. 22

Oct. 18

1

2

3

4

5

6

7

4. Total (1B + 2 + 3)

7,72,695

8,10,255

37,561

6,17,650

7,08,420

90,770

@ : Upto October 3, 2003. @@ : Upto September 30, 2003. + : Upto October 4, 2002. ++ : Upto September 30, 2002.
Notes :
1. Data on investments are based on Statutory Section 42(2) Returns.
2. Figures in brackets are percentage variations.
3. Includes the impact of mergers since May 3, 2002.

7. Money Stock : Components and Sources

(Rs. crore)

Outstanding as on

Variation over

2003

Fortnight

Financial year so far

Year-on-year

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Oct. 17#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,52,970

8,078

0.4

1,57,671

10.5

1,27,747

7.4

2,35,184

16.6

1,96,944

11.9

[16,95,551]

[1,21,384]

[8.1]

[1,98,897]

[14.0]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,90,010

5,775

2.0

15,904

6.6

19,027

7.0

32,729

14.6

33,311

13.0

(ii)

Demand deposits with banks

1,98,602

2,15,537

–5,602

–2.5

2,563

1.4

16,936

8.5

18,573

11.4

33,776

18.6

(iii)

Time deposits with banks @

12,52,396

13,43,146

8,622

0.6

1,38,791

12.9

90,750

7.2

1,83,756

17.8

1,28,842

10.6

[12,22,725]

[1,02,504]

[9.5]

[1,47,469]

[14.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,277

–717

–14.4

413

14.5

1,035

31.9

126

4.0

1,015

31.1

Sources (i+ii+iii+iv-v)

(i)

Net Bank credit to Government (a+b)

6,78,059

7,13,369

–317

—

49,442

8.4

35,310

5.2

73,382

13.0

74,362

11.6

(a) Reserve Bank

1,20,679

62,624

–13,807

–18.1

–31,625

–20.8

–58,055

–48.1

–35,992

–23.0

–57,929

–48.1

(b) Other Banks

5,57,379

6,50,745

13,489

2.1

81,067

18.5

93,365

16.8

1,09,374

26.7

1,32,291

25.5

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,34,464

–1,036

–0.1

81,333

10.7

27,852

3.1

1,31,985

18.6

93,484

11.1

(a) Reserve Bank

3,048

2,928

–62

–2.1

–2,822

–47.6

–120

–3.9

–7,928

–71.8

–178

–5.7

(b) Other Banks

9,03,564

9,31,536

–974

–0.1

84,155

11.2

27,972

3.1

1,39,913

20.0

93,662

11.2

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data also reflect redemption ofResurgent India Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003.
Figures in [ ] exclude the impact of mergers since May 3, 2002.