1. Reserve Bank of India - Liabilities and Assets

(Rs.crore)

2002

2003

Variation

Item

Nov. 22

Nov. 14

Nov. 21#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

—

—

—

—

—

State Governments

5,851

6,191

6,342

151

491

(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 Nov. 21,
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

4,36,987

95,373

12,234

1,710

78,707

19,945

98,638

24,928

1,15,967

28,785

of which :

(a)Foreign Currency Assets

4,19,206

91,450

12,233

1,710*

77,730

19,560

97,432

24,456

1,14,087

28,147

(b)Gold

17,768

3,920

—

—

983

386

1,226

476

1,899

642

(c) SDRs

13

3

1

—

–6

–1

–20

–4

–19

–4

Memo Item : RTP**

5,567

1,215

72

3

2,377

543

2,386

553

2,365

551

* : 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 inSDR 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

Nov. 14#

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits @

13,92,427

1,218

1,42,816

1,11,574

1,90,176

1,46,251

(0.1)

(12.9)

(8.7)

(18.0)

(11.7)

[13.5]

[10.5]

[18.8]

[13.7]

Demand

1,85,117

–5,814

2,430

14,827

14,548

29,638

Time @

12,07,310

7,032

1,40,386

96,746

1,75,627

1,16,613

Bank Credit

7,61,926

716

91,329

32,710

1,31,824

80,874

(0.1)

(15.5)

(4.5)

(24.0)

(11.9)

Food Credit

35,439

–582

226

–14,040

2,968

–18,766

Non-food credit

7,26,487

1,298

91,103

46,751

1,28,856

99,639

@ : 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

Nov. 14

Mar. 22

Nov. 15

1

2

3

4

5

6

7

4. Total (1B + 2 + 3)

7,72,695

8,17,815

45,120

6,17,650

7,17,154

99,504

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#

Nov. 14#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,68,922

4,253

0.2

1,71,773

11.5

1,43,700

8.3

2,33,418

16.2

1,98,795

11.9

[16,95,551]

[1,36,062]

[9.1]

[1,97,707]

[13.8]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,98,901

4,483

1.5

23,804

9.9

27,918

10.3

29,064

12.3

34,302

13.0

(ii)

Demand deposits with banks

1,98,602

2,13,106

–5,795

–2.6

1,098

0.6

14,505

7.3

16,344

10.0

32,809

18.2

(iii)

Time deposits with banks @

12,52,396

13,52,819

7,133

0.5

1,46,117

13.6

1,00,423

8.0

1,87,144

18.1

1,31,189

10.7

[12,22,725]

[1,10,406]

[10.3]

[1,51,433]

[14.6]

(iv)

"Other" deposits with Reserve Bank

3,242

4,097

–1,568

–27.7

753

26.4

854

26.3

866

31.7

494

13.7

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,21,134

4,217

0.6

57,420

9.7

43,075

6.4

71,102

12.3

74,149

11.5

(a) Reserve Bank

1,20,679

64,353

–6,857

–9.6

–21,239

–14.0

–56,326

–46.7

–33,143

–20.2

–66,586

–50.9

(b) Other Banks

5,57,379

6,56,781

11,074

1.7

78,659

18.0

99,402

17.8

1,04,245

25.3

1,40,735

27.3

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,43,304

–299

—

88,186

11.6

36,692

4.0

1,36,755

19.2

95,471

11.3

(a) Reserve Bank

3,048

2,075

–824

–28.4

–2,964

–50.0

–973

–31.9

–4,854

–62.1

–889

–30.0

(b) Other Banks

9,03,564

9,41,229

525

0.1

91,150

12.1

37,665

4.2

1,41,609

20.1

96,360

11.4

@ : 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 [ ] exclude the impact of mergers since May 3, 2002.