1. Reserve Bank of India - Liabilities and Assets

(Rs.crore)

2002

2003

Variation

Item

Nov. 8

Oct. 31

Nov. 7#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

—

—

—

—

—

State Governments

7,721

5,083

6,095

1,012

–1,626

(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. 7,
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

4,22,166

93,211

2,510

613

63,886

17,783

83,817

22,766

1,06,549

27,835

of which :

(a)Foreign Currency Assets

4,04,382

89,287

2,510

613*

62,906

17,397

82,608

22,293

1,04,682

27,199

(b)Gold

17,768

3,920

—

—

983

386

1,226

476

1,899

642

(c) SDRs

16

4

—

—

–3

—

–17

–3

–32

–6

Memo Item : RTP**

5,406

1,194

–54

–11

2,216

522

2,225

532

2,183

526

* : 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
SDR 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

Oct. 31#

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits @

13,91,209

5,367

1,45,267

1,10,356

1,93,187

1,42,582

(0.4)

(13.2)

(8.6)

(18.3)

(11.4)

[13.7]

[10.4]

[19.1]

[13.3]

Demand

1,90,931

3,242

6,899

20,642

17,572

30,984

Time @

12,00,278

2,125

1,38,368

89,714

1,75,615

1,11,598

Bank Credit

7,61,210

8,798

92,848

31,994

1,34,635

78,639

(1.2)

(15.7)

(4.4)

(24.6)

(11.5)

Food Credit

36,020

1,869

1,435

–13,459

3,338

–19,393

Non-food credit

7,25,189

6,929

91,413

45,453

1,31,297

98,032

@ : 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

Oct. 31

Mar. 22

Nov. 1

1

2

3

4

5

6

7

4. Total (1B + 2 + 3)

7,72,695

8,16,255

43,560

6,17,650

7,17,290

99,640

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#

Oct. 31#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,64,669

11,699

0.6

1,67,714

11.2

1,39,447

8.1

2,39,198

16.8

1,98,600

11.9

[16,95,551]

[1,31,671]

[8.8]

[2,03,155]

[14.2]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,94,418

4,408

1.5

17,285

7.2

23,435

8.6

32,249

14.3

36,339

14.1

(ii)

Demand deposits with banks

1,98,602

2,18,902

3,364

1.6

5,609

3.1

20,300

10.2

19,387

11.7

34,093

18.4

(iii)

Time deposits with banks @

12,52,396

13,45,686

2,540

0.2

1,44,444

13.4

93,290

7.4

1,87,506

18.2

1,25,730

10.3

[12,22,725]

[1,08,401]

[10.1]

[1,51,463]

[14.7]

(iv)

"Other" deposits with Reserve Bank

3,242

5,665

1,387

32.4

376

13.2

2,422

74.7

55

1.7

2,439

75.6

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,16,917

3,548

0.5

58,291

9.9

38,858

5.7

76,002

13.3

69,062

10.7

(a) Reserve Bank

1,20,679

71,210

8,586

13.7

–9,668

–6.4

–49,470

–41.0

–20,894

–12.8

–71,301

–50.0

(b) Other Banks

5,57,379

6,45,707

–5,038

–0.8

67,958

15.5

88,328

15.8

96,896

23.7

1,40,362

27.8

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,43,602

9,138

1.0

90,497

11.9

36,990

4.1

1,37,366

19.3

93,458

11.0

(a) Reserve Bank

3,048

2,899

–30

–1.0

–2,986

–50.4

–150

–4.9

–7,504

–71.8

–44

–1.5

(b) Other Banks

9,03,564

9,40,704

9,168

1.0

93,483

12.4

37,140

4.1

1,44,870

20.6

93,502

11.0

@ : 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.