Today, the Reserve Bank released data relating to India’s International Investment Position for end-June 2023[1]. Key Features of India’s IIP in end-June 2023: Net claims of non-residents on India increased by US$ 12.1 billion during Q1:2023-24 and stood at US$ 379.7 billion as at end-June 2023.The rise in net claims of non-residents during the quarter was on account of higher rise in foreign-owned financial assets in India (US$ 36.2 billion) when compared with Indian residents’ overseas financial assets (US$ 24.1 billion) (Table 1).Increase in reserve assets (US$ 16.6 billion) was the largest contributor to the rise in Indian residents’ foreign assets during April-June 2023, followed by direct investment, loans and trade credit.Inward portfolio investment (US$ 15.0 billion) and foreign direct investment (US$ 8.9 billion) together accounted for two thirds of the rise in foreign liabilities of Indian residents.Reserve assets accounted for 64.2 per cent of India’s international financial assets at end-June 2023 (Tables 1 and 2).

The stock of external debt at end-June 2023 as well as revised data for earlier quarters are set out in Statements I (IMF format1) and II (old format). The major developments relating to India’s external debt as at end-June 2023 are presented below.Highlights At end-June 2023, India’s external debt was placed at US$ 629.1 billion, recording an increase of US$ 4.7 billion over its level at end-March 2023 (Table 1).The external debt to GDP ratio declined to 18.6 per cent at end-June 2023 from 18.8 per cent at end-March 2023.

Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2023 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June 2023 are detailed below: Sources of Variation in Foreign Exchange Reserves: April-June 2023 During April-June 2023, there was an increase in the foreign exchange reserves, the sources of which are set out in Table.

Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2023-24, are presented in Statements I (BPM6 format) and II (old format).Key Features of India’s BoP in Q1:2023-24.India’s current account deficit (CAD) narrowed to US$ 9.2 billion (1.1 per cent of GDP) in Q1:2023-24 from US$ 17.9 billion (2.1 per cent of GDP) in Q1:2022-23 but it was higher than US$ 1.3 billion (0.2 per cent of GDP) in the preceding quarter.1
The widening of CAD on a quarter-on-quarter basis was primarily on account of a higher trade deficit coupled with a lower surplus in net services and decline in private transfer receipts.Net services receipts decreased sequentially, primarily due to a decline in exports of computer, travel and business services, though remained higher on a year-on-year (y-o-y) basis.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of September 2023.Highlights: Lending Rates:The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 3 basis points (bps) from 9.44 per cent in July 2023 to 9.47 per cent in August 2023.1-Year median Marginal Cost of Fund based Lending

The Reserve Bank has today released data on Reserve Money for the week ended September 22, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1002 

Today, the Reserve Bank of India placed on its website an update on “Measuring Productivity at the Industry Level-The India KLEMS [capital (K), Labour (L), Energy (E), Material (M) and services (S)] Database” comprising the Data Manual 2022 along with time series on productivity for 27 industries covering the period 1980-81 to 2020-21.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2022 2023 Variation Sep. 16 Sep. 8 Sep. 15 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government   0 0 0 0 0 4.2 State Governments 6178 24915 16939 -7976 10761 * Data are provisional. 2. Foreign Exchange Reserves* Item As on September 15,2023 Variation over Week End-March 2023 Year ₹Cr.US$ Mn.  

SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS  09-Sep-2225-AUG-2023*08-SEP-2023*09-Sep-2225-AUG-2023*08-SEP-2023*  ILIABILITIES TO THE BKG.SYSTEM (A)  a) Demand & Time deposits from bks.183335.64246284.1253485.01186364.23248463.22255863.66** b) Borrowings from banks41752.75199018.31188137.5441824.75199142.43188207.97  c) Other demand & time liabilities44678.468276.3270299.5245184.8168988.2871006.97

The Reserve Bank has today released data on Money Supply for the fortnight ended September 08, 2023.Ajit Prasad  Director (Communications) Press Release: 2023-2024/958

The Reserve Bank has today released data on Reserve Money for the week ended September 15, 2023.

Today, the Reserve Bank released the September 2023 issue of its monthly Bulletin. The Bulletin includes six speeches, five articles and current statistics.

The five articles are: I. State of the Economy; II. Fiscal Costs of Reverting to the Old Pension System by the Indian States – An Assessment; III. An Analysis of the Recent Performance of NBFC Sector; IV. Inflation and Inflation Expectations: A Distributional Mapping; and V. Private Consumption Drivers in India: A Thick Modelling Approach.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 9Sep. 1Sep. 8WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments15914229042491520119002 * Data are provisional.

Today, the Reserve Bank released its annual publication titled “Handbook of Statistics on the Indian Economy, 2022-23” (HBS). This publication, the 25th in the series, disseminates time series data on major economic and financial indicators relating to the Indian economy.

The current volume contains 240 statistical tables covering macroeconomic and financial variable pertaining to national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of payments as well as select socio-economic indicators. Longer time-series on these variables are also available on the Reserve Bank’s next generation Data Warehouse ‘Centralised

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 August 2023.

Ajit Prasad           
Director (Communications)

Press Release: 2023-2024/918

The Reserve Bank has today released data on Reserve Money for the week ended September 08, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/914

Today, the Reserve Bank released the provisional results of the 2022-231 round of the annual census on foreign liabilities and assets (FLA) covering cross-border liabilities and assets of the entities (viz., companies, limited liability partnerships (LLPs), alternative investment funds (AIFs) and partnership firms) with inward/outward direct investment (DI).

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item20222023Variation Sep. 2Aug. 25Sep. 1WeekYear 12345 4 Loans and Advances 4.1 Central Government00000 4.2 State Governments87761647022904643414128 * Data are provisional.2. Foreign Exchange Reserves*

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 26-Aug-22    11-AUG-2023*25-AUG-2023* 26-Aug-22    11-AUG-2023* 25-AUG-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.188767.08254229.15246284.1 191920.01    256429.72    248463.22 ** b) Borrowings from banks 44956.33190016.47199019.52 45029.33    190103.15    199143.64 c) Other demand & time liabilities

The Reserve Bank has today released data on Reserve Money for the week ended September 01, 2023 and Money Supply for the fortnight ended August 25, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/873