( US $ million)

Apr-Jun 2005 P

Apr-Jun 2004 PR

Item

Credit

Debit

Net

Credit

Debit

Net

1

2

3

4

5

6

7

A. CURRENT ACCOUNT

I. MERCHANDISE

21754

37563

-15809

17840

23014

-5174

II. INVISIBLES (a+b+c)

26496

16888

9608

18209

9645

8564

a) Services

18906

14626

4280

11045

7796

3249

i) Travel

1087

1647

-560

861

1196

-335

ii) Transportation

1562

1580

-18

1339

954

385

iii) Insurance

230

186

44

312

300

12

iv) G.n.i.e.

72

77

-5

161

66

95

v) Miscellaneous

15955

11136

4819

8372

5280

3092

of which : Software Services

5286

250

5036

3857

125

3732

b) Transfers

6333

98

6235

6049

90

5959

i) Official

126

8

118

86

7

79

ii) Private

6207

90

6117

5963

83

5880

c) Income

1257

2164

-907

1115

1759

-644

i) Investment Income

1218

1794

-576

1078

1498

-420

ii) Compensation of Employees

39

370

-331

37

261

-224

Total Current Account (I+II)

48250

54451

-6201

36049

32659

3390

B. CAPITAL ACCOUNT

1. Foreign Investment (a+b)

13006

11090

1916

9335

8537

798

a) Foreign Direct Investment (i+ii)

1985

933

1052

1363

646

717

i). In India

1850

12

1838

1362

3

1359

Equity

1322

12

1310

842

3

839

Reinvested Earnings

465

-

465

454

-

454

Other Capital

63

-

63

66

-

66

ii). Abroad

135

921

-786

1

643

-642

Equity

135

658

-523

1

394

-393

Reinvested Earnings

-

175

-175

-

175

-175

Other Capital

-

88

-88

-

74

-74

b) Portfolio Investment

11021

10157

864

7972

7891

81

In India

11021

10157

864

7972

7891

81

Abroad

-

-

-

-

-

-

2.Loans (a+b+c)

6946

6048

898

6717

3831

2886

a) External Assistance

643

439

204

512

476

36

i) By India

31

7

24

6

32

-26

ii) To India

612

432

180

506

444

62

b) Commercial Borrowings (MT & LT)

1773

849

924

2038

963

1075

i) By India

-

-

-

168

35

133

ii) To India

1773

849

924

1870

928

942

c) Short Term To India

4530

4760

-230

4167

2392

1775

3. Banking Capital (a+b)

4697

3473

1224

6089

4336

1753

a) Commercial Banks

4519

3411

1108

5839

4163

1676

i) Assets

1072

80

992

2273

907

1366

ii) Liabilities

3447

3331

116

3566

3256

310

of which: Non-Resident Deposits

3322

3111

211

2173

2959

-786

b) Others

178

62

116

250

173

77

4. Rupee Debt Service

-

142

-142

-

277

-277

5. Other Capital

3750

596

3154

1257

1951

-694

Total Capital Account (1 to 5)

28399

21349

7050

23398

18932

4466

C. Errors & Omissions

398

-

398

-

286

-286

D. Overall Balance

77047

75800

1247

59447

51877

7570

(Total Capital Account,

Current Account and

Errors & Omissions (A+B+C))

E. Monetary Movements (i+ii)

-

1247

-1247

-

7570

-7570

i) I.M.F.

-

-

-

-

-

-

ii) Foreign Exchange Reserves

( Increase - / Decrease +)

-

1247

-1247

-

7570

-7570

P: Preliminary
PR : Partially revised