1. Reserve Bank of India - Liabilities and Assets

(Rs.crore)

2002

2003

Variation

Item

Dec. 6

Nov. 28

Dec. 5#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

2,158

—

—

—

–2,158

State Governments

6,742

5,883

6,218

335

–524

(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 Dec. 5, 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

4,45,013

97,520

3,904

1,449

86,733

22,092

1,06,664

27,075

1,17,973

29,767

of which :

(a)Foreign Currency Assets

4,26,450

93,479

3,122

1,331*

84,974

21,589

1,04,676

26,485

1,15,384

29,036

(b)Gold

18,550

4,038

782

118

1,765

504

2,008

594

2,608

735

(c) SDRs

13

3

––

—

–6

–1

–20

–4

–19

–4

Memo Item : RTP**

5,584

1,224

–17

5

2,394

552

2,403

562

2,455

576

* : 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.

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

as on

(3) - (2)

as on

(6) - (5)

Item

2003

2002

Mar. 21

Nov. 28

Mar. 22

Nov. 29

1

2

3

4

5

6

7

4.

Total (1B + 2 + 3)

7,72,695

8,20,743

48,049

6,17,650

7,19,808

1,02,158

@ : Upto November 14, 2003.
@@ : Upto October 31, 2003.
+ : Upto November 15, 2002.
++ : Upto October 31, 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 ason

Variation over

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Nov. 28#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,78,422

9,365

0.5

1,81,515

12.1

1,53,199

8.9

2,40,643

16.7

1,98,552

11.8

[16,95,551]

[1,47,417]

[9.8]

[2,06,545]

[14.4]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,97,344

–1,556

–0.5

17,452

7.2

26,362

9.7

28,699

12.5

39,098

15.1

(ii)

Demand deposits with banks

1,98,602

2,15,843

2,737

1.3

6,587

3.7

17,241

8.7

19,134

11.5

30,056

16.2

(iii)

Time deposits with banks @

12,52,396

13,61,100

8,146

0.6

1,57,393

14.6

1,08,704

8.7

1,92,788

18.5

1,28,195

10.4

[12,22,725]

[1,23,295]

[11.5]

[1,58,690]

[15.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,135

38

0.9

82

2.9

892

27.5

21

0.7

1,203

41.0

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,26,650

5,516

0.8

58,236

9.9

48,591

7.2

68,308

11.8

78,849

12.2

(a) Reserve Bank

1,20,679

63,839

–514

–0.8

–34,044

–22.4

–56,841

–47.1

–44,967

–27.6

–54,295

–46.0

(b) Other Banks

5,57,379

6,62,811

6,030

0.9

92,280

21.1

1,05,432

18.9

1,13,276

27.2

1,33,144

25.1

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,47,140

3,836

0.4

93,615

12.3

40,528

4.5

1,39,065

19.5

93,878

11.0

(a) Reserve Bank

3,048

2,084

9

0.5

–2,824

–47.6

–964

–31.6

–4,633

–59.9

–1,020

–32.9

(b) Other Banks

9,03,564

9,45,055

3,827

0.4

96,440

12.8

41,492

4.6

1,43,698

20.3

94,897

      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.