The value of exports and imports of services during March 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January – 2024 31,023 (10.8) 14,850 (0.2) February – 2024 28,348 (3.5) 15,240 (1.8) March – 2024 30,028 (-1.3) 16,608 (-2.1) Notes: (i) Data are provisional; and (ii) Figures in parentheses are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

The Reserve Bank has today released data on Reserve Money for the week ended April 26, 2024 and Money Supply for the fortnight ended April 19, 2024.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of April 2024 are set out in Tables 1 to 7.

The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for October-December of 2023-24.

Data on sectoral deployment of bank credit for the month of March 2024[1] collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit[2] registered a growth of 16.3 per cent in March 2024[3] as compared with 15.4 per cent a year ago. Highlights of the sectoral deployment of bank credit3 are given below: Credit growth to agriculture and allied activities was robust at 20.1 per cent (y-o-y) in March 2024 (15.4 per cent a year ago). Credit to industry grew by 8.5 per cent (y-o-y) in March 2024 as compared with 5.6 per cent in March 2023. Among major industries, growth in credit (y-o-y) to ‘chemicals & chemical products’, ‘food processing’, and ‘infrastructure’ accelerated in March 2024 as compared with the corresponding month of the previous year, while that to ‘basic metal & metal products’ moderated. Credit growth to services sector improved to 20.2 per cent (y-o-y) in March 2024 (from 19.6 per cent a year ago), with higher growth in credit to ‘transport operators’ and ‘commercial real estate’. Credit growth to ‘non-banking financial companies (NBFCs)’ and ‘trade’, however, decelerated in March 2024 as compared with March 2023.

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The May 2024 round of the survey is being launched. The survey aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates. The results of this survey provide useful inputs for monetary policy.

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The May 2024 round of the survey is being launched.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Apr. 21 Apr.12 Apr. 19 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 3145 0 0 0 -3145 4.2 State Governments 3146 12921 17496 4575 14350 * Data are provisional; difference, if any, is due to rounding off.

Today the Reserve Bank of India placed on its website a Working Paper titled, “Equity Markets and Monetary Policy Surprises” under the Reserve Bank of India Working Paper Series . The paper is co-authored by Mayank Gupta, Amit Pawar, Satyam Kumar, Abhinandan Borad and Subrat Kumar Seet.  

The Reserve Bank has today released data on Reserve Money for the week ended April 19, 2024. Ajit Prasad Press Release: 2024-2025/173 Deputy General Manager (Communications)

Today, the Reserve Bank released the April 2024 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement (April 3-5) 2024-2025, five speeches, six articles, and current statistics. The six articles are: I. State of the Economy; II. What Drives India's Services Exports?; III. Food and Fuel Prices: Second Round Effects on Headline Inflation in India; IV. India's Foreign Exchange Reserves in High Volatility Episodes – An Empirical Assessment; V. Gauging Linguistic Complexity of Regulatory Communication: A Case Study for India; and VI. Off-site Monitoring System for Surveys (OMOSYS): A Geographic Information System (GIS) Based Approach for Quality Assurance.

The Reserve Bank has launched the 41st round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period April-June 2024. The survey assesses the business situation for the current quarter (Q1:2024-25) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q2:2024-25) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q3:2024-25 and Q4:2024-25) are also covered.

The Reserve Bank has launched the 106th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period April-June 2024. The survey assesses business sentiment for the current quarter (Q1:2024-25) and expectations for the ensuing quarter (Q2:2024-25), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q3:2024-25 and Q4:2024-25) are also covered.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Apr. 14 Apr.5 Apr. 12 Week Year 1 2 3 4 5 4 Loans  nd Advances 

(Amount in ₹ crore)  SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 07-Apr-2322-MAR-2024 *05-APR-2024 *07-Apr-2322-MAR-2024 *05-APR-2024 *I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 249235.56294470.85311328.57251872.99298436.48 

The Reserve Bank has today released data on Reserve Money for the week ended April 12, 2024 and Money Supply for the fortnight ended April 05, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/125

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of March 2024. Ajit Prasad Director (Communications) Press Release: 2024-2025/109

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Apr. 7  2. Foreign Exchange Reserves* Item As on April 5, 2024  Variation over 

The Reserve Bank has today released data on Reserve Money for the week ended April 5, 2024. Ajit Prasad Director (Communications)

The Reserve Bank of India has launched the 65th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period January - March 2024 (Q4:2023-24).